Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Horizonte Minerals Sets Up £8mln Equity Facility 0 comments
    Jun 27, 2013 1:16 PM

    Brazil-focused nickel explorer Horizonte Minerals(LON:HZM) (TSE:HZM) has set up an £8mln equity facility with investment group Henderson's Darwin Strategic division.

    Jeremy Martin, Horizonte's chief executive, said, while there were no immediate plans to use the facility as the company has a robust cash position, it was important to have additional flexibility over future funding in the current economic climate.

    "This agreement also underpins Darwin's support and commitment to Horizonte as we continue to advance our flagship Araguaia nickel project, located south of the world-class Carajas mining province in northern Brazil, through its pre-feasibility study with the aim of developing the next major nickel project in Brazil," he said.

    Horizonte's flagship Araguaia nickel project is moving toward the pre-feasibility stage, with a study expected to be completed next year.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.