Horizon Petroleum corrects terms of convertible debenture units offering

Reuters2026/07/23 11:31

By:Reuters

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Horizon Petroleum corrected its July 15, 2026 disclosure on its secured convertible debenture units offering.
Each $1,000 unit converts into 5,000 common shares at $0.2, with 2,500 warrants exercisable at $0.4 for 36 months.
The earlier release incorrectly described each unit as one common share with one-half warrant.
Gross proceeds were unchanged at $ CAD 681,000 from 681 units, with total potential shares on conversion and warrant exercise unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Petroleum Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607230730PR_NEWS_USPR_____CA10750) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Horizon Petroleum corrects terms of convertible debenture units offering

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