Horizon Petroleum Ltd.

Horizon Petroleum Ltd. announces that the proposed transaction for a certain European oil and gas company first announced on Jan 12, 2023, has been terminated. The Company could not reach final agreeable terms with the vendor. Trading in the Horizon shares on the NEX Board has been halted at the request of the Company and is expected to resume ?on the NEX once the resumption review process has been completed by the NEX [...]

Horizon Petroleum is pleased to announce that the first tranche private placement of Units announced on January 12, 2023, has now closed. The Company issued 7,850,000 Units at a price of CAD$0.08, for gross proceeds of CAD$628,000. The Units comprised: (i) one common share in the capital of the Company, and (ii) one transferable share purchase warrant entitling the holder thereof to acquire one Common Share at a price of [...]

Horizon Petroleum is pleased to announce that it has entered into a letter of intent dated Dec 9, 2022 with a private European company under which Horizon will acquire all of the outstanding shares of its European oil and gas subsidiary company through the issuance of common shares and preferred shares of Horizon to the Vendor's shareholders. SUB has interests in certain onshore oil and gas properties in Europe with [...]