NEX COMPANY
BULLETIN V2024-0993 HORIZON PETROLEUM LTD. ("HPL.H") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: April 4, 2024 NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 2, 2024:
Number of Shares: 8,600,000 shares
Purchase Price: $0.05 per share
Warrants: 8,600,000 share purchase warrants to purchase 8,600,000 shares
Warrant Exercise Price: $0.075 for a one-year period
Number of Placees: 22 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 3 2,573,666 Aggregate Pro Group Involvement: 2 2,200,000
Aggregate Cash Amount Aggregate # of Shares Aggregate # of Warrants Finder's Fee: $4,550 N/A 91,000 Warrants
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.075 for period of one year from the date of issuance.
The Company issued a news releases on March 1, 2024 and April 2, 2024 confirming closing of the private placement.
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term. _______________________________________
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