HZN 5.13% 20.5¢ horizon oil limited

From announcementIt is proposed that the placement will be...

  1. 201 Posts.
    From announcement

    It is proposed that the placement will be offered via an initial tranche of approximately 120
    million ordinary shares (approximately 15% of ordinary shares currently on issue) with the
    possibility of a second tranche (of a size to be determined) to be issued subject to and
    conditional on approval of Horizon shareholders.
    Given the materiality of the placement and the potential to affect the price that the Company’s
    shares trade at (depending on the price the placement is arranged at) the Company considers it
    appropriate that it enter into a trading halt so that, upon recommencement of trading, the market
    can trade on a fully informed basis.
 
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