Horizon Minerals Notice Of Share Consolidation
Horizon Minerals (ASX: HRZ)
Advised that it intends to undertake a consolidation of capital of the Company on a 15-for-1 basis, subject to the receipt of shareholder approval at its Annual General Meeting to be held on Friday, 28 November 2025.
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Horizon Baroora project Mining-Operations – Credits Horizon Minerals
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| Horizon Minerals | ASX: HRZ | |
| Stage | Development, Production | |
| Metals | Gold, Nickel, Cobalt | |
| Market cap | A$155 million @ A$0.52 | |
| Location | Kalgoorlie, Western Australia | |
| Website | www.horizonminerals.com.au/ |
Horizon Minerals Limited (ASX: HRZ) (“Horizon” or “the Company”) advises that it intends to undertake a consolidation of capital of the Company on a 15-for-1 basis (“Consolidation”), subject to the receipt of shareholder approval at its Annual General Meeting to be held on Friday, 28 November 2025.
If approved, the Consolidation will have the effect of decreasing the HRZ Shares on issue to a count below one billion, which is a more appropriate and effective capital structure for the Company as well as providing a Share price more appealing for a wider range of investors.
In accordance with Listing Rule 7.21 and 7.22 all Options and Performance Rights currently on issue by the Company will be consolidated in the same ratio as Shares, and the exercise price of the Options will be amended as directed by the ASX Listing Rules.
Where a fractional entitlement arises to a security, the Company will round the fraction up to the nearest whole number.
The timetable for the Consolidation in accordance with paragraph 7 of Appendix 7A of the Listing Rules is set out below.
Event Date
Send Notice of Meeting to Shareholders 27 October 2025
General Meeting held and approval of Consolidation announced to ASX 28 November 2025
Effective date of Consolidation 5 December 2025
Last day for trading on pre-Consolidation basis 8 December 2025
First day for trading on post-Consolidation and deferred settlement basis 9 December 2025
Record Date for Consolidation
First day to update register and send post-Consolidation holding statements 11 December 2025
Last day to update register, send post-Consolidation holding statements,
announce to ASX that this has occurred and trading on deferred settlement
basis ends (if before noon Sydney time) 17 December 2025
First day for normal trading on post-Consolidation basis 18 December 2025
Note: The timetable is subject to change in accordance with the Listing Rules and applicable laws.
To read the full news release please click HERE
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To View Horizon Mineral’s latest share price and chart, please click HERE
..To View Horizon Minerals’ historical news, please click here
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Horizon Minerals.
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