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Panoramic Resources (ASX:PAN) sells major stake in Horizon Gold...

  1. Herald1337
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    19/02/20
    12:46
    Post #: 43019921

    Panoramic Resources (ASX:PAN) sells major stake in Horizon Gold (ASX:HRN) to Zeta Resources (ASX:ZER) for $5.5M



    • Nickel miner Panoramic Resources (PAN) has sold off just over half of its 51 per cent interest in Horizon Gold (HRN)
    • The company sold over 20 million shares to its own major shareholder, Zeta Resources (ZER), for $5.5 million
    • This values the shares at 27 cents each â a hefty 59 per cent premium to Horizon's last closing price of 17 cents

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