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 [...]
Horizon Petroleum is pleased to announce that it has entered into a non-binding letter of intent dated Dec 9, 2022, to enter into a business combination with an arm's length oil and gas company. It is expected that upon completion of the Transaction, the combined entity will meet the listing requirements for a Tier 1 Oil & Gas issuer under the policies of the TSXV. The Transaction constitutes an Arm's Le
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