Horizon Petroleum Ltd.: Horizon Petroleum Enters into Reactivation Agreement and Loan Agreement
Calgary, Alberta (Newsfile Corp. - December 23, 2020) - Horizon Petroleum Ltd. (TSXV: HPL) ( Horizon ) is pleased to announce that it has entered into a Reactivation Agreement and a Loan and Security Agreement with an arm s-length company listed on the TSX Venture Exchange for the purpose of re-activating Horizon. Horizon is currently subject to a cease-trade order ( CTO ) issued by the Alberta Securities Commission on January 6, 2020 for failure to file various continuous disclosure documents, and trading in Horizon s shares was suspended by the TSX Venture Exchange ( TSXV ) pursuant to a Bulletin issued on January 7, 2020.