Horizonte Minerals PLC PDMR dealing (2196R)

TIDMHZM

RNS Number : 2196R

Horizonte Minerals PLC

20 September 2017

20 September 2017

Horizonte Minerals Plc

('Horizonte' or 'the Company')

PDMR DEALING

Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) announces that on 15 September 2017, William Fisher, Non-Executive Director of the Company, purchased 200,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of CAD$0.055 per Ordinary Share (the "Purchase"). Following the Purchase, Mr. Fisher is now interested in 1,020,000 Ordinary Shares representing 0.09% of the total voting rights of the Company.

 
1.  Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                             William Fisher 
2.  Reason for the Notification 
a)  Position/status                  Non-Executive Director 
b)  Initial notification/Amendment   Initial notification 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
a)  Name                             Horizonte Minerals plc 
b)  LEI                              213800OEYYR39UNYQY91 
4.  Details of the transaction(s): section to be repeated 
     for (i) each type of instrument; (ii) each type of transaction; 
     (iii) each date; and (iv) each place where transactions 
     have been conducted 
a)  Description of the Financial     Ordinary share of 1p each 
     instrument, type of instrument 
    Identification code              GB00B11DNM70 
b)  Nature of the transaction        Share Purchase 
c)  Price(s) and volume(s)           Price(s)   Volume(s) 
                                      C$0.055    200,000 
d)  Aggregated information: 
     -- Aggregated volume              200,000 Ordinary Shares purchased 
     -- Price                          at CAD$0.055 per ordinary share 
e)  Date of the transaction          15 September 2017 
f)  Place of the transaction         Toronto Stock Exchange 
 

For further information visit www.horizonteminerals.com or contact:

 
 Horizonte Minerals plc 
 Jeremy Martin (CEO) / David     [phone] 
  Hall (Chairman)                 7157 
 
 finnCap Ltd (NOMAD & Joint 
  Broker) 
 Emily Morris / Christopher 
  Raggett / James Thompson       [phone] 
  / Anthony Adams                 0500 
 
 Shard Capital (Joint Broker) 
                                 [phone] 
 Damon Heath / Erik Woolgar       9952 
 
 Tavistock (Financial PR) 
 Jos Simson / Barney Hayward     [phone] 
  / Emily Fenton                  3150 
 

About Horizonte Minerals:

Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil, which wholly owns the advanced Araguaia nickel laterite project located to the south of the Carajás mineral district of northern Brazil. The Company is developing Araguaia as the next major nickel mine in Brazil, with targeted production by 2020.

The Project has good infrastructure in place including rail, road, water and power.

Horizonte has a strong shareholder structure including Teck Resources Limited 17.9%, Lombard Odier Asset Management (Europe) Limited 14.11%, Richard Griffiths 14.5%, JP Morgan 8.4%, Hargreave Hale 6.4% and Glencore 6.4%.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

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". 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 20, 2017 02:01 ET (06:01 GMT)