Horizonte Minerals Plc

Results of Placing - Seite 2

A total of 162,718,353 new ordinary shares in the capital of the Company ("Placing Shares") have been placed with new and existing investors at a placing price of 7.5 pence per Placing Share. The Fundraise raised gross proceeds of approximately £18.0 million for the Company (approximately US$25.0 million/ C$ 31.7 million) (before expenses)‎, approximately £12.2 million from the Placing and approximately £5.8 million from the Canadian Offering.

The new ordinary shares to be issued pursuant to the Placing and upon conversion of the Special Warrants to be issued pursuant to the Canadian Offering will represent 16.5 per cent of the issued ordinary share capital of the Company prior to the Placing.

The Placing was conducted by Cantor Fitzgerald Canada Corporation, Peel Hunt LLP and BMO Capital Markets Limited acting as Joint Bookrunners (the "Joint Bookrunners"). The Canadian Offering was undertaken by a syndicate led by Paradigm Capital Inc. as sole bookrunner and included Cormark Securities Inc. The new ordinary shares issued pursuant to the Placing will be issued credited as fully paid and will rank pari passu in all respects with the existing ordinary shares from their admission to trading on AIM (“Admission”).

The Company has applied to the London Stock Exchange plc for Admission and to the Toronto Stock Exchange (the "TSX") to list the Placing Shares. Subject to, inter alia, the Placing Agreement not having been terminated in accordance with its terms as well as admission to AIM, it is expected that admission to AIM of the Placing Shares will occur at 8:00 am on or around 23 February 2021 and admission to the TSX on or around 23 February 2021.

Settlement of the Ordinary Shares issued on conversion of the Special Warrants will occur pursuant to the terms described under the heading “The Canadian Offering” in the Placing Announcement. An application will be made for admission of those shares to trading on AIM and to the TSX in due course. Further announcements regarding the subscription of the Special Warrants, publication of the Canadian short form Prospectus and admission of those shares will be made in due course as required by market rules.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the FCA (“DTRs”), the Company confirms that, following Admission, its issued share capital will comprise 1,612,095,640 Ordinary Shares, each of which carries the right to vote, with no Ordinary Shares held in treasury. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DTRs