Listing on Toronto
Stock Exchange - Canada
Horizonte Minerals, the
AIM quoted exploration and development company focused in Brazil,
is pleased to announce that the ordinary shares of the Company have been
approved for listing on the Toronto Stock Exchange (TSX )
and will commence trading at the open of the market in Toronto,
Canada on June 17,
2011 under the symbol HZM .
The ordinary shares will continue to trade on the AIM market in London,
United Kingdom under
the symbol HZM.
Horizonte s CEO Jeremy Martin said, The completion
of the TSX listing represents another milestone in the Company s development
since completing the transformational deal with Teck
Resources acquiring the Araguaia nickel project in northern Brazil.
The Board believes that the addition of the TSX listing is an appropriate
platform from which to gain enhanced market exposure, and is confident
that it will open up the North American capital markets to attract a wider
institutional and retail following and in turn provide the Company with greater
share liquidity. Notably, the move to the TSX, as a current recognised
stock exchange, will also provide an opportunity for UK
shareholders to benefit through holding the shares in an Individual Savings
Account.
The Company is entering an exciting
period as it moves closer to upgrading its inferred mineral resource at Araguaia
of 76.6Mt at 1.35% Ni towards a plus 100Mt resource and then taking the project
forwards to Pre-Feasibility stage. In addition, there is an active
gold portfolio in conjunction with our strategic alliance partner AngloGold Ashanti,
and I believe Horizonte is in a solid position to hit its key milestones in
2011 and generate value for shareholders.
Marc-Antoine Audet, a qualified person under National Instrument 43-101,
has supervised the preparation of the technical information in this press
release.
The inferred mineral
resources for the Araguaia project are based on the technical report prepared
for the Company entitled "Geology and Mineral Resources of the Araguaia
Nickel Project, Brazil NI 43-101 Technical Report" by Marc-Antoine Audet, James Hogg and Owen Mihalop
dated May 15, 2011 (the "Technical Report"), filed on SEDAR at www.sedar.com. Further information in respect of
the inferred mineral resources on the Araguaia project including, assumptions, parameters and methods used to estimate such mineral
resources is included in the Technical Report.
**ENDS**
For
further information visit www.horizonteminerals.com or contact:
Jeremy
Martin
|
Horizonte Minerals plc
|
Tel: +44
(0) 20 7763 7157
|
David Hall
|
Horizonte Minerals plc
|
Tel: +44
(0) 20 7763 7157
|
Dominic Morley
|
Panmure Gordon (UK)
Limited
(Nomad and Broker)
|
Tel: +44
(0) 20 7459 3600
|
Katherine Roe
|
Panmure Gordon (UK)
Limited
|
Tel: +44
(0) 20 7459 3600
|
Hannah Woodley
|
Panmure Gordon (UK)
Limited
|
Tel: +44
(0) 20 7459 3600
|
Joanna Weaving
|
finnCap Ltd (Joint Broker)
|
Tel: +44
(0) 20 7600 1658
|
Matthew Robinson
|
finnCap Ltd
|
Tel: +44
(0) 20 7600 1658
|
Ben Thompson
|
finnCap Ltd
|
Tel: +44
(0) 20 7600 1658
|
Felicity Edwards
|
St Brides
Media & Finance Ltd (PR)
|
Tel: +44
(0) 20 7236 1177
|
Hugo de Salis
|
St Brides Media & Finance Ltd
|
Tel: +44
(0) 20 7236 1177
|
Glossary
Investment Savings Account (ISA) - is a tax wrapper available to
residents of the UK. By using
an ISA an individual can invest in cash or longer-term investments such as
stocks and shares or insurance and not pay tax on most of the income.
About Horizonte Minerals:
Horizonte Minerals plc
is an AIM and TSX listed exploration and development Company with a portfolio
of nickel and gold projects in the Carajas District
of Brazil. The Company is focussed on creating
value by generating and rapidly advancing exploration projects in tandem with
joint ventures with major mining companies, providing mid-term cash flow, which
is then used to develop the business and pipeline projects.
Horizonte has two
committed major mining partners: Teck Resources
Limited, a major strategic shareholder in the Company, and AngloGold Ashanti
Limited, a JV partner on the gold portfolio.
Horizonte owns 100 per
cent of the advanced Araguaia nickel project located to the south of the Carajas mineral district of northern Brazil.; the project
has the potential to deliver a resource with size and grades comparable to
other world-class projects in northern Brazil.
In addition, Horizonte
and AngloGold Ashanti have a US$5.3 million exploration alliance to generate
and develop new and existing gold targets within two areas of Brazil and a
further JV with the major whereby AngloGold Ashanti can earn into 51% of the Falcao gold project by expending US$4.5 million over three
years with the right to earn a further 19% by taking the project to
Pre-feasibility Study.
Horizonte is well funded
to accelerate the development of its core projects.
Except for statements of historical fact relating to the Company,
certain information contained in this press release constitutes
forward-looking information under Canadian securities legislation.
Forward-looking information includes, but is not limited to, statements with
respect to the potential of the Company s current or future property mineral
projects; the success of exploration and mining activities; cost and timing of
future exploration, production and development; the estimation of mineral
resources and reserves and the ability of the Company to achieve its goals in
respect of growing its mineral resources; and the realization of mineral
resource and reserve estimates. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as plans , expects or does not expect , is expected , budget , scheduled , estimates , forecasts , intends , anticipates or does not anticipate , or believes , or variations of such words
and phrases or statements that certain actions, events or results may , could , would , might or will be taken , occur or be achieved . In addition, statements
relating to mineral
reserves or mineral resources are deemed to be forward-looking
statements, as they involve the implied assessment, based on certain estimates
and assumptions, that the mineral resources and mineral reserves described can
be profitably mined in the future. Forward-looking information is based on the
reasonable assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current conditions and
expected developments, as well as other factors that management believes to be
relevant and reasonable in the circumstances at the date that such statements
are made, and are inherently subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from
those expressed or implied by such forward-looking information, including but
not limited to risks related to: exploration and mining risks, competition from
competitors with greater capital; the Company s lack of experience with respect
to development-stage mining operations; fluctuations in metal prices; uninsured
risks; environmental and other regulatory requirements; exploration, mining and
other licences; the Company s future payment obligations; potential disputes
with respect to the Company s title to, and the area of, its mining concessions;
the Company s dependence on its ability to obtain sufficient financing in the
future; the Company s dependence on its relationships with third parties; the
Company s joint ventures; the potential of currency fluctuations and political
or economic instability in countries in which the Company operates;
currency exchange fluctuations; the Company s ability to manage its growth
effectively; the trading market for the ordinary shares of the Company;
uncertainty with respect to the Company s plans to continue to develop its
operations and new projects; the Company s dependence on key personnel;
possible conflicts of interest of directors and officers of the Company, and
various risks associated with the legal and regulatory framework within which
the Company operates.
Although management of the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.
Susie Geliher
St Brides Media & Finance Ltd
Chaucer House
38 Bow Lane
London EC4M 9AY
T: +44 (0) 207 236 1177 | M: +44 (0) 7976 749 561 |
F: +44 (0) 207 236 1188 | www.stbridesmedia.co.uk