Announcement • 10h
Horizon Petroleum Ltd. announced that it has received CAD 0.681 million in funding On July 23, 2026, Horizon Petroleum Ltd. closed the transaction. The company announced that it has issued 681 Units at an issue price of CAD 1,000 per unit for gross proceeds of CAD 681,000. The convertible debentures bear interest from the closing date of July 23, 2026 at 7% per annum until the date that is 36 months following the closing date. The Company paid finder's fees of CAD 47,670 cash and 238,350 finder warrants with an exercise price of CAD 0.20 per warrant with an expiry date of July 23, 2028. All securities issued under the offering, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date hereof. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The financing was treated as a loan with bonus warrants by the TSX Venture Exchange. Each holder of a Secured Convertible Debenture Unit shall have the right, at its option, at any time up to and including the Maturity Date, to convert any or all of the Secured Convertible Debenture Units into equity units on the basis of each CAD 1,000 principal amount for 5,000 common shares of the Corporation issued at CAD 0.20 per Common Share, and 2,500 Common Share purchase warrants with each Warrant exercisable until thirty-six months from closing the Debentures, into one Common Share at a price of CAD 0.40. Announcement • Jul 20
Horizon Petroleum Ltd. Announces Board Changes Horizon Petroleum Ltd. reported the resignation of Dr. Charle Gamba from the Board of Directors of the Company with immediate effect for personal reasons. Dr. Gamba was not standing for re-election at the Company's AGM that takes place on July 28, 2026. Announcement • Jul 15
Horizon Petroleum Ltd. announced that it has received CAD 0.541 million in funding On July 15, 2026, Horizon Petroleum Ltd. has closed the transaction. The transaction was oversubscribed and the company issued 7% Convertible Debenture for principal amount of CAD 541,000. The Company issued 2,705,000 Units. The Company paid finder's fees of CAD 37,870 cash and 189,350 finder warrants with an exercise price of CAD 0.20 per warrant with an expiry date of July 14, 2028. The bonds will mature on July 15, 2029. 
