HZM

Glencore Subscribes for 29,208,892 Ordinary Shares of Horizonte Minerals PLC

Retrieved on: 
Wednesday, November 9, 2022
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BAAR, Switzerland, Nov. 09, 2022 (GLOBE NEWSWIRE) -- On November 8, 2022, Glencore International AG, a wholly-owned subsidiary of Glencore plc (together, “Glencore”), completed the subscription for 29,208,892 ordinary shares (“Ordinary Shares”) in the capital of Horizonte Minerals PLC (“HZM”) at an issue price of £0.905 per new Ordinary Share (representing a 9% discount to the closing trading price of £0.995 per share on the AIM market of the London Stock Exchange on November 4, 2022) or C$1.38 per share (based on the daily rate of exchange published by the Bank of Canada on November 4, 2022 of GBP1.00 = C$1.5278), for an aggregate subscription price of US$30,000,000 (based on an exchange rate of GBP1.00 = US$1.1349) or C$40,551,000 (based upon the daily rate of exchange published by the Bank of Canada on November 4, 2022 of US$1.00 = C$1.3517) (the “Transaction”).

Key Points: 
  • The Transaction was completed as part of HZMs private placing of 48,681,487 new Ordinary Shares to certain existing and new institutional investors and others and allotment of an aggregate of 29,264,140 Ordinary Shares to Glencore and certain related parties of HZM.
  • Immediately prior to completing the Transaction, Glencore owned and exercised control over 18,662,914 Ordinary Shares, representing approximately 9.80% of the issued and outstanding Ordinary Shares at such time.
  • After giving effect to the Transaction, Glencore now owns and controls a total of 47,871,806 Ordinary Shares, representing approximately 17.84% of the issued and outstanding Ordinary Shares.
  • The head office of Glencore is located at Baarermattstrasse 3, CH-6340 Baar, Switzerland.

La Mancha Announces Acquisition of Convertible Note of Horizonte Minerals PLC

Retrieved on: 
Thursday, March 31, 2022
International investment agreement, LLP, USD, Investment, Convertible, Growth, SW1Y, SEDAR, Financial Conduct Authority, HZM, Rex House, LMI, Business Development Bank of Canada, LMT, TSX, Private, Bank, CAD, Time, FRN, GLOBE, Private placement agent, Treasury, Acquisition, Security (finance), Financial services, Fund, Caspar von Schrenck-Notzing

LONDON, March 30, 2022 (GLOBE NEWSWIRE) -- La Mancha Fund SCSp (the Fund), a fund advised by La Mancha Capital Advisory LLP (La Mancha), is pleased to announce that, further to the announcement of December 22, 2021 relating to the subscription (the Private Placement) by its wholly-owned subsidiary, La Mancha Investments S. r.l.

Key Points: 
  • LONDON, March 30, 2022 (GLOBE NEWSWIRE) -- La Mancha Fund SCSp (the Fund), a fund advised by La Mancha Capital Advisory LLP (La Mancha), is pleased to announce that, further to the announcement of December 22, 2021 relating to the subscription (the Private Placement) by its wholly-owned subsidiary, La Mancha Investments S. r.l.
  • (LMI), for 759,128,764 ordinary shares (the Ordinary Shares) of Horizonte Minerals PLC (Horizonte) (London-AIM: HZM; TSX: HZM), its indirect wholly-owned subsidiary, La Mancha Treasury Limited (LMT), today acquired a USD15,000,000 (approximately CAD18,705,000 using the daily average rate of exchange for USD:CAD published by the Bank of Canada on March 30, 2022, being USD1.00=CAD1.247) aggregate principal amount convertible note (the Convertible Note) from Horizonte.
  • The acquisition of the Convertible Note (the Second Completion) was completed by way of private placement pursuant to the terms of an investment agreement with Horizonte dated November 23, 2021 (the Investment Agreement) and a convertible note loan instrument with Horizonte dated November 23, 2021.
  • La Mancha Fund SCSp (the Fund) is a Luxembourg-based deep value fund advised by La Mancha Capital Advisory LLP dedicated primarily to investments in the precious metals and energy transition metals space.

La Mancha Announces Acquisition of Shares of Horizonte Minerals PLC

Retrieved on: 
Wednesday, December 22, 2021
Canada-China Promotion and Reciprocal Protection of Investments Agreement, TSX, HZM, Treasury, CAD, Convertible, Conversion, SEDAR, USD, Investment, Private placement, GBP, Private, Rex House, Growth, Bank of Canada, Bank, Common stock, Standstill, GLOBE, SW1Y, Security (finance)

(La Mancha), a Luxembourg-incorporated private investment company focused on opportunities primarily in the precious metals and battery metals mining sector, is pleased to announce that it has completed a subscription for 759,128,764 ordinary shares (the Ordinary Shares) of Horizonte Minerals PLC (Horizonte) (London-AIM: HZM; TSX: HZM).

Key Points: 
  • (La Mancha), a Luxembourg-incorporated private investment company focused on opportunities primarily in the precious metals and battery metals mining sector, is pleased to announce that it has completed a subscription for 759,128,764 ordinary shares (the Ordinary Shares) of Horizonte Minerals PLC (Horizonte) (London-AIM: HZM; TSX: HZM).
  • Immediately prior to the completion of the Private Placement, La Mancha did not beneficially own, directly or indirectly, or exercise control or direction over any Ordinary Shares.
  • Immediately following completion of the Private Placement, La Mancha became an insider of Horizonte, owning 759,128,764 Ordinary Shares representing approximately 19.96% of the issued and outstanding Ordinary Shares (on an undiluted basis).
  • La Mancha completed the Private Placement and agreed to acquire the Convertible Note for business and investment purposes.

HZM Coin To Be Listed On LBank Exchange Nov. 25

Retrieved on: 
Monday, November 22, 2021
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Dubai, United Arab Emirates--(Newsfile Corp. - November 22, 2021) - LBank Exchange, a global digital asset trading platform, announced that it will list HZM Coin on November 25, 2021.

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - November 22, 2021) - LBank Exchange, a global digital asset trading platform, announced that it will list HZM Coin on November 25, 2021.
  • Figure 1: HZM Coin to be listed on LBank Exchange Nov. 25
    The world's first Arabic cryptocurrency is taking the global digital asset market by storm, posting record price appreciation since its July launch @ $0.0006.
  • To be listed on LBank Exchange at 16:00 (UTC+8) on November 25, 2021, HZM Coin is ready to further expand its global reach and achieve its vision, investors who are interested in HZM Coin investment can easily buy and sell HZM on LBank Exchange.
  • The listing of HZM Coin on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.