Horizonte Minerals cleared to issue second tranche of shares to fund Araguaia deal

(ShareCast News) - Nickel miner Horizonte Minerals has been given the green light by the Toronto Stock Exchange to issue the second of tranche of shares to fund part of its acquisition of the Araguaia nickel project in Brazil from Glencore.In a short statement released on Friday, the London-listed group said the Toronto Stock Exchange confirmed all conditions relating to its share placing have been satisfied and the company has now placed 42.5m shares at 1p each on AIM.Last month the group said it had received £1.1m from the first tranche of shares issued in London.Horizonte shares were up 3.33% to 1.55p at 1242 BST on Friday.