BULLETIN V2026-2559
HORIZON PETROLEUM LTD. ("HPL")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debentures
BULLETIN DATE: August 6, 2026
TSX Venture Tier 2 Company
Financing Type: Non-Brokered Private Placement
Offering: $4,000,000 principal amount of $1,000 convertible debenture units (the "Units"), each Unit is convertible into 9,524 listed shares (the "Listed Shares") and 4,762 common share purchase warrants (the "Warrants").
Conversion Price: $0.105 per Listed Share
Maturity Date: April 14, 2028 and April 27, 2028
Interest Rate: 7% per annum
Warrant Exercise Terms: $0.15 per Listed Share for a 36-month period from the date of issuance.
Non-Cash Commissions: Shares Warrants
Finders (Aggregate) N/A 2,479,999
Commission Terms: Each non-transferrable Warrant is exercisable at $0.105 for a period of 2 years from the date of issuance.
Public Disclosure: Refer to the company's news release(s) dated March 27, 2026, April 6, 2026, April 14, 2026, April 27, 2026, April 28, 2026 and May 13, 2026.
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