Horizon Minerals Limited (ASX:HRZ) A$7 Million Royalty Divestment Complete
A$7 Million Royalty Divestment CompletePerth, April 7, 2021 AEST (ABN Newswire) - Horizon Minerals Limited (
ASX:HRZ) is pleased to advise that the divestment of its interest in two gold royalties has been completed.
As announced to the ASX on 29 March 2021, the Company agreed to divest 100% interest in the royalties to Vox Royalty Corp. (
- A$4 million in cash upon completion; and
- A$3 million in cash or Vox shares at Vox s election (priced on a 30-day VWAP basis) upon Vox receiving cumulative payments of A$750,000 from the transaction royalties.
All conditions precedent including third party documentation have now been completed and the A$4 million initial consideration payment received.
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Horizon Minerals Limited (ASX:HRZ) Divestment Of Royalties For A$7 Million
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