Leede Financial | Horizon Petroleum

Horizon Petroleum Ltd. (TSXV: HPL) announced that, subject to TSX Venture Exchange acceptance, it has closed the first tranche of their secured convertible debenture units of the company at a price of $1,000 per unit, for aggregate gross proceeds of $2,465,000.25.

Dr. David Winter, CEO of the Company commented: "We appreciate the interest and support of our shareholders and key advisors at Leede Financial as we prepare to test and develop the natural gas discoveries at Lachowice in southern Poland. We are looking forward to commencing the civil works to prepare the Lachowice-7 wellsite for the testing and first production and continuing our technical and operations planning work for the Lachowice gas development".