CALGARY,
AB, Jan. 21, 2025 /CNW/ - Horizon Petroleum
Ltd. (TSXV: HPL), (TRADEGATE: HPM), (FRA:HPM).
Horizon Petroleum Ltd. ("Horizon" or the "Company") is pleased
to announce that has received its listing on the Tradegate Exchange
in Germany and has commenced
trading. The new listing will enhance the Company's visibility in
Europe and provide european
investors greater accessibility to Horizon's shares. It presents
the Company with an excellent opportunity to further broaden our
shareholder base in Europe.
"The listing on the Tradegate Exchange together with the
previously disclosed marketing and investor relations contract with
Plutus is important for Horizon as we continue to build our asset
base in Poland and Europe," commented Dr. David Winter, Chief Executive Officer of Horizon
Petroleum "It provides us with an excellent opportunity to further
connect with a diverse and growing pool of investors in
Europe and provide greater
liquidity in the trading in Horizon's shares. This will be critical
as we develop our gas development assets in Poland and our longer-term growth as we
execute our European gas strategy.
About Tradegate Exchange
Tradegate AG operates as a market specialist on Europe's most liquid retail exchange, the
Tradegate Exchange. As a market specialist and liquidity provider,
Tradegate manages over 10,000 German and international stocks and
exchange-traded products (ETPs). This ensures fast and direct
execution of securities orders, making it an ideal platform for
investors. Tradegate is the leading liquidity guarantor on the
broker side, showcasing steady growth since 2000.
A listing on Tradegate Exchange provides several possible
benefits, including:
- Increased visibility: Companies can gain access to a broader
pool of European investors, enhancing their market presence.
- Access to capital: A broader investor base can lead to greater
interest in future capital raises, facilitating growth and
expansion initiatives.
- Liquidity: Tradegate is known for its efficient trading
platform, which can improve liquidity for listed stocks, making it
easier for investors to buy and sell shares.
- Diverse investor base: The exchange attracts both retail and
institutional investors, which can help diversify the Company's
shareholder base.
- Direct execution: The exchange facilitates fast and direct
execution of securities orders, benefiting both the company and its
investors.
- Enhanced credibility: Being listed on a reputable exchange can
bolster a company's credibility and attract more serious
investors.
- Regulatory compliance: Listing on a regulated exchange ensures
adherence to high standards of transparency and governance, which
can increase investor confidence.
About Horizon Petroleum Ltd.
Calgary-based Horizon is
focused on the appraisal and development of natural gas reserves
and clean energy sources to assist the increase in the energy
independence and security in Europe. It's initial focus is the development
of the Lachowice gas field in the Bielsko-Biala Concession in
southern Poland targeting first
production and cashflow in late 2025/early 2026. The Management and
Board of Horizon consist of oil & gas, business and finance
professionals with significant international experience.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains "forward-looking statements" or
"forward-looking information" (collectively referred to herein as
"forward-looking statements") within the meaning of applicable
securities legislation. Such forward-looking statements include,
without limitation, forecasts, estimates, expectations and
objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of Horizon. Forward-looking statements are statements that
are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur or be achieved. This press release
contains forward-looking statements pertaining to, among other
things, anticipated benefits of listing on the Tradegate
Exchange
Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks, which
could cause actual results to vary and in some instances, to differ
materially from those anticipated by Horizon and described in the
forward-looking information contained in this press
release.
Although Horizon believes that the material factors,
expectations and assumptions expressed in such forward-looking
statements are reasonable based on information available to it on
the date such statements were made, no assurances can be given as
to future results, levels of activity and achievements and such
statements are not guarantees of future performance.
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SOURCE Horizon Petroleum Ltd.
