Horizon Minerals Limited (HRZ.AX) Vox Shares Sold $2.93M Gross Proceeds
Horizon Minerals Limited (ASX:HRZ) is pleased to advise further information on the Company's listed investments of 948,448 shares from Vox Royalty Corp. ("Vox").
The Company received the 948,448 Vox common shares which were issued on 24 November 2023 in the name of Horizon Minerals Limited and held in escrow for 4 months.
Following the release from escrow the block of Vox shares were sold on market via the NASDAQ and TSX exchange for an average price of US$2.077 which has returned gross proceeds of A$$2,927,918 (US$1,913,101 @ 0.6534) before broker commission and US/Canada withholding tax for foreign source income (currently held in USD).
Horizon has again strengthened its balance sheet over the past year and now has a cash and investments position of $12.3 million which will support the Company objectives to move into production.
Grant Haywood Chief Executive Officer T: +61 8 9386 9534 E: grant.haywood@horizonminerals.com.au Michael Vaughan Media Relations - Fivemark Partners T: +61 422 602 720 E: michael.vaughan@fivemark.com.au
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