Share purchase plan meets Horizon after $175 million raised

Mining.com.au

Written by Maddison Elliott

Horizon Minerals (ASX:HRZ) has raised $4.65 million in a share purchase plan, following on from the company’s $175 million placement last month.

The share purchase plan closed on 10 March 2026, available to eligible shareholders with a registered address in Australia or New Zealand.

Shareholders were eligible to subscribe for up to $30,000 in shares at an offer price of $1.08 per share.

Horizon issued around 4.61 million shares in the plan, indicating a shortfall of 4.92 million shares.

Managing Director Grant Haywood says the company is grateful for the support offered by existing shareholders by participating in the share purchase plan.

“The additional funds raised from the share purchase plan will supplement the transformational placement completed earlier in the month, as the company progresses development of the Black Swan Processing Hub,” Haywood says.

Horizon Minerals is an emerging mid-tier gold producer focused on projects in Western Australia.

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