La Mancha Announces Acquisition of Shares of Horizonte Minerals PLC

LUXEMBOURG, Dec. 22, 2021 (GLOBE NEWSWIRE) — La Mancha Investments S.à r.l. (“La Mancha”), a Luxembourg-incorporated private investment company focused on opportunities primarily in the precious metals and battery metals mining sector, is pleased to announce that it has completed a subscription for 759,128,764 ordinary shares (the “Ordinary Shares”) of Horizonte Minerals PLC (“Horizonte”) (London-AIM: HZM; TSX: HZM). The transaction was completed by way of private placement (the “Private Placement”) at a price of 7 pence per share (approximately C$0.12 per share using the daily average rate of exchange for GBP:CAD published by the Bank of Canada on December 21, 2021, being £1.00=C$1.7131), for aggregate gross proceeds of US$71,100,000 (approximately C$91,910,970 using the daily average rate of exchange for USD:CAD published by the Bank of Canada on December 21, 2021, being US$1.00=C$1.2927). Read More