Horizon Minerals Limited (HRZ.AX) Sale Complete of Ineligible Shareholdings from POS Merger

Horizon Minerals Limited (ASX:HRZ) wishes to provide an update on the Ineligible and unmarketable Shareholdings from the Poseidon Nickel Ltd merger, which have now all been sold.

Computershare Investor Services and the Company have received confirmation from Argonaut Securities Limited that the sale of all Unmarketable Parcels to the value of $500 or less and all Ineligible Foreign Shareholdings, as disclosed in the Scheme Booklet, has now been completed, and a scheduled distribution of the proceeds will occur on Friday 21 March 2025.

- An amount of $1,263,929.90 from the share sales will now be distributed to the participants being the net proceeds confirmed by Argonaut Securities Limited.

- Based on the sale of 20,588,030 shares through the share sale facility and the total proceeds of $1,263,930.20 the amount to be distributed will be $0.0613915 per Horizon Share sold (after rounding each holder to the nearest cent). The number of Horizon shares sold in the sale facility was 0.1156 Horizon shares for every 1 Poseidon share held on the Scheme Record Date

Grant Haywood
Chief Executive Officer
T: +61 8 9386 9534
E: grant.haywood@horizonminerals.com.au

Michael Vaughan 
Media Relations - Fivemark Partners 
T: +61 422 602 720 
E: michael.vaughan@fivemark.com.au

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