Partial Sale of Horizon Gold (ASX:HRN) Shareholding

HIGHLIGHTS

• Sale of 20,237,037 shares in Horizon Gold at $0.27 per share to Zeta Resources.
• Sale price of $0.27 represents a premium of 59% to the Horizon last traded and 54% to the Horizon Gold 10-day VWAP.
• Gross transaction proceeds of approx. $5.5 million to be utilised for working capital purposes.
• Panoramic residual shareholding in Horizon Gold of 18,793,580 shares or approximately 24.6%.