Horizonte Minerals PLC Announces Completion of Fundraise

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Mar 31, 2022

LONDON, UK / ACCESSWIRE / March 31, 2022 / Horizonte Minerals Plc, (AIM:HZM, Financial)(TSX:HZM, Financial) the nickel development company focused in Brazil, is pleased to announce the completion of both the US$65 million Convertible Notes issuance and the sale of the Vermelho Royalty, previously announced on 23 November 2021. Accordingly, the Company has now received all subscription amounts in respect of the Convertible Notes as well as the US$25 million upfront purchase price in respect of the Vermelho Royalty. Receipt of the Convertible Notes funding means the Company has now, subject to drawdown of the Senior Debt in due course, completed or received the relevant funding for all aspects of the previously announced US$633 million Funding Package.