|By Marketwired .||
|March 24, 2014 07:38 PM EDT||
LAS VEGAS, NEVADA -- (Marketwired) -- 03/24/14 -- Horizon Minerals Corp. ("Horizon") (OTCBB: HZNM) is pleased to announced a proposed private placement offering of up to 166,667 common shares at a price of $0.75 per share for gross proceeds of $125,000 (the "Offering").
The Offering will be made pursuant to Regulation S of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") to persons who are not residents of the United States and are otherwise not "U.S. Persons" as that term is defined in Rule 902(k) of Regulation S of the U.S. Securities Act, and to "accredited investors" as that term is defined under National Instrument 45-106 - Prospectus and Registration Exemptions.
Proceeds of the Offering will be used to fund Horizon's due diligence on BoomChat Inc. announced on March 18, 2014, and to support the ongoing costs of current operations.
The above does not constitute an offer to sell or a solicitation of an offer to buy any of Horizon's securities in the United States. The securities have not been registered under the U.S. Securities Act and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.
About Horizon Minerals Corp.:
Horizon Minerals Corp. is a development stage corporation with no current operations. Horizon was incorporated under the laws of the State of Delaware on May 11, 2011, with the intent to develop an anti-theft vehicle ignition system, for which Horizon acquired certain patents and other intellectual property. On March 25, 2013, Horizon changed its name from Safe Dynamics Corp. to Horizon Minerals Corp., with the intent to enter the gold and mineral mining industry.
On behalf of the Board of Directors, Robert Fedun, President and CEO
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that Horizon Minerals Corp. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Horizon Minerals Corp.'s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should any of Horizon Minerals Corp.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Horizon Minerals Corp.'s forward-looking statements. Except as required by law, Horizon Minerals Corp. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Horizon Minerals Corp. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
Horizon Minerals Corp.
President and CEO
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