News: GSR Greenstone Resources Announces Merger With Horizon Minerals

Feb 13 (Reuters) - Greenstone Resources Ltd (GSR) :

• HORIZON AND GREENSTONE MERGER ANNOUNCEMENT
• HORIZON AND GREENSTONE TO MERGE TO CREATE A NEW EMERGING GOLD PRODUCER IN WA GOLDFIELDS
• HORIZON SHAREHOLDERS WILL OWN 63.1% OF MERGED ENTITY WHILE GREENSTONE SHAREHOLDERS WILL OWN REMAINING 36.9%
• SCHEMES UNANIMOUSLY RECOMMENDED BY GREENSTONE BOARD
• HORIZON WILL ACQUIRE 100% OF FULLY PAID ORDINARY SHARES IN GREENSTONE AND 100% OF LISTED GREENSTONE OPTIONS
• COMPLETION OF SCHEMES IS TARGETED FOR JUNE 2024
• UNDER SCHEMES, EACH GREENSTONE SHAREHOLDER WILL GET 0.2868 HORIZON SHARES FOR EVERY GREENSTONE SHARE HELD
• COMBINED GROUP WILL HAVE A GLOBAL JORC MINERAL RESOURCE OF ABOUT 1.8 MILLION OUNCES