Horizon Petroleum Ltd.

Horizon Petroleum Ltd. Further to its press releases of August 8, 2024 and September 18, 2024, announces that it has received TSX Venture Exchange approval to extend the closing of its non-brokered private placement to October 31, 2024. The Company has agreed to sell up to $1,000,000 in subscription receipts and units , in a non-brokered private placement basis at a price of CA$0.11 . The Company has previously disclosed [...]

Horizon Petroleum Ltd. is pleased to announce, further to its news release dated August 8, 2024, that it has closed the first tranche of its non-brokered private placement offering through the sale of 6,530,227 subscription receipts at a price of $0.11 per Subscription Receipt, for gross proceeds to the Company of $718,324.94 . The Subscription Receipts will be convertible upon satisfaction of the release conditions [...]

Horizon Petroleum Ltd. is pleased to report that further to its press release dated August 6, 2024 it has received from the Polish Ministry of Climate and Environment the draft concession licenses confirming the award of the concessions Bielsko-Biala and Cieszyn located in southwest Poland. The Ministry has provided the formal notification of the anticipated award to the local authorities in the Concession areas. The [...]

Horizon Petroleum Ltd. is proposing to settle certain outstanding debt to management and fees to directors in the amount of CAD$345,000 in exchange for shares of the Company at a price of CAD$0.11 per Common Share. The Insider Debt Transaction amounts were a result of deferred salaries of $270,000 since October 2023 and for Directors' fees in the amount of CAD$25,000 per each of the three independent Directors. Shares for [...]

Horizon Petroleum Ltd. is pleased to announce the Company has agreed to sell up to $1,000,000 in subscription receipts and units , in a non-brokered private placement basis at a price of CA$0.11 . The financing is anticipated to close on or about August 30, 2024 . Private Placement The Subscription Receipts will be convertible upon satisfaction of the release conditions , into one Common Share and one Common Share [...]

Horizon Petroleum Ltd. is pleased to report that further notifications have been received from the Polish Ministry of Climate and Environment concerning the Transformation Process Applications for two concession licence areas: Bielsko-Biala and Cieszyn located in southwest Poland. As noted in its May 14, 2024 press release, the applications have been made through the Company's two wholly owned subsidiary companies in [...]

Horizon Petroleum Ltd. is pleased to release an updated independent reserve and resources evaluation for the Lachowice conventional natural gas field in the Bielsko-Biala concession in southern Poland. The Bielsko-Biala concession is one of two concessions that are anticipated to be awarded to the Company by the Polish Government subject to completion of the Polish Government's conversion of the concessions to its new [...]

Horizon Petroleum Ltd. is pleased to announce that its private placement of Units announced on May 1, 2024, closed on May 17, 2024. ‎ The Company issued 1,400,000 Units at a price of CAD$0.05, for gross ‎proceeds of ‎‎CAD$70,000. The Units comprised: one common share in the capital of the Company ‎‎‎, and one transferable share purchase ‎‎warrant entitling the holder ‎‎thereof [...]

Horizon Petroleum Ltd. is pleased to report that it has received notifications from the Polish Ministry of Climate and Environment concerning the Transformation Process Applications for two concession licence areas: Bielsko Biala and Cieszyn . As noted in previous press releases, the applications have been made through the Company's two wholly owned subsidiary companies in Poland. The Company has received written [...]

Horizon Petroleum Ltd. announces a non-brokered private placement for up to 1,400,000 units in the capital of Horizon at a price of $0.05 per Unit for gross proceeds of up to $70,000, subject to approval from the TSX-Venture Exchange. Each Unit will consist of one common share and one common share purchase warrant in the capital of the Company. Each Warrant will entitle the holder to purchase one Common Share at a price [...]