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Restructuring and insolvency

Horizon Petroleum Proposes Debt Settlement in Shares

Lane
Restructuring and insolvency
Announced
16 Jun 2026
Province
Alberta
Industry
Energy — upstream
Status
Announced
What the filing says
Horizon Petroleum Ltd. (TSXV: HPL ) (FRA: HPM) (Tradegate: HPM), ("Horizon" or the "Company") is proposing to settle certain outstanding debt to management and fees to directors (the "Insider Debt Transaction") and third-party invoices for an aggregate amount of CAD$524,000 in exchange for shares of the Company at a price of CAD$0.175 per Common Share.
Terms stated
price per security
Source

The terms are in the subscriber edition

This transaction carries 1 stated term, with its value, unit and basis.

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Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.

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