Horizonte Minerals Plc (AIM: HZM, TSX: HZM)has announced the completion of both a US$65M convertible notes issuance and the sale of its 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$25M upfront purchase price in respect of its 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$633M funding package.
Horizonte CEO, Jeremy Martin commented: “The receipt of these funds represents an important moment for Horizonte and the completion of our US$633M funding package. We can now move forward with confidence as we continue to ramp up construction activities at our tier one Araguaia ferronickel project.”
For further information please visit: https://horizonteminerals.com/uk/en/
