BULLETIN V2026-2729
HORIZON PETROLEUM LTD. ("HPL")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debentures
BULLETIN DATE: August 25, 2026
TSX Venture Tier 2 Company
Financing Type: Non-Brokered Private Placement
Offering: $681,000 principal amount of $1,000 convertible debenture units (the "Units"), convertible into 3,405,000 listed shares (the "Listed Shares") and 1,702,500 common share purchase warrants (the "Warrants").
Conversion Price: $0.20 per Listed Share
Maturity Date: July 23, 2029
Interest Rate: 7.00% per annum
Warrant Exercise Terms: $0.40 per Listed Share for a period of 36 months from date of issuance
Non-Cash Commissions: Shares Warrants
Finders (Aggregate) N/A 238,350
Commission Terms: Each non-transferable Finder Warrant is exercisable at $0.20 for a period of 24 months from the date of issuance.
Disclosure: Refer to the company's news release(s) dated July 9, 2026, July 15, 2026, and July 29, 2026.
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