Horizon Minerals Limited (ASX:HRZ) Issue of Tranche 1 Placement Shares

On 30 March 2023, Horizon Minerals Limited (ASX:HRZ) announced that it had received firm bids under its institutional placement ("Placement") to place approximately 74.1 million fully paid ordinary shares in the Company ("Placement Shares") at $0.045 per share to raise approximately $3.34 million.

The Company has today issued 61,293,016 Placement Shares for $2.758 million pursuant to ASX Listing Rule 7.1 ("Tranche 1 Placement Shares"). No shareholder approval is required for the issue of shares. The second tranche of Placement Shares, to raise the remaining funds under the Placement, will be issued on Tuesday 4 April 2023 upon receipt of funds via DvP.

For further details on the issue of Placement Shares please refer to the Company's ASX announcement "Horizon Announces Placement to Advance Cannon and Accelerate Drilling at Cannon, Penny's Find" dated 30 March 2023.

Jon Price 
Managing Director
T: +61 8 9386 9534 
E: jon.price@horizonminerals.com.au 

Michael Vaughan 
Media Relations - Fivemark Partners 
T: +61 422 602 720 
E: michael.vaughan@fivemark.com.au