LONDON, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Horizonte Minerals Plc, (AIM/TSX:
HZM) ('Horizonte' or 'the Company') the nickel development company focused in Brazil, announces the award of options
to certain key employees in Brazil.
The Company has issued 2,000,000 new options over ordinary shares of 1p each in the capital of the Company to
leading members of the Brazilian operations team. The options have an exercise price of 4.8 pence per share in line with the 2018
share option award parameters and vest in three equal tranches at the 6, 12 and 18 month anniversary of grant.
The total number of options outstanding is 136,300,000 which represents 9.3% per cent. of the current issued share capital of
1,466,377,287 ordinary shares.
Certain aspects of the award of Awarded Options are subject to TSX approval.
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For further information visit www.horizonteminerals.com or contact:
Horizonte Minerals plc |
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Jeremy Martin (CEO) |
+44 (0) 203 356 2901 |
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Numis Securities Ltd (NOMAD & Joint Broker) |
John Prior
Paul Gillam |
+44 (0) 207 260 1000 |
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Shard Capital (Joint Broker) |
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Damon Heath
Erik Woolgar |
+44 (0) 20 186 9952 |
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Tavistock (Financial PR) |
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Emily Fenton
Gareth Tredway |
+44 (0) 207 920 3150 |
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About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is
developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim
of being able to supply nickel and cobalt to the EV battery market. Both projects are 100% owned.
Horizonte shareholders include: Teck Resources Limited, Canaccord Genuity Group, JP Morgan, Lombard Odier Asset
Management (Europe) Limited, City Financial, Richard Griffiths and Glencore.
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: the inability of the Company to complete the Acquisition as described herein,
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, the inability of the Company
to complete the Placing on the terms as described herein, 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.