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Horizonte Minerals receives part of funds from placement
Fri, 02nd Oct 2015 09:51
(ShareCast News) - Nickel mining development group Horizonte Minerals said on Friday it has received part of the funding from its recent placing.The Brazil-focused company has received £1.1m from issuing 112.5m shares at 1p each, with 42.5m still to be issued at the same price on the Toronto Stock Exchange.The group has completed the placing to fund part of the payment due for the acquisition of the Brazil-based Araguaia nickel project from mining giant Glencore.Horizonte shares were down 1.27% to 1.55p at 1030 BST on Friday.
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