/Not for distribution to
Trading in the Horizon shares on the NEX Board has been halted at the request of the Company and is expected to resume on the NEX once the resumption review process has been completed by the NEX.
Horizon is currently working with the Polish government to complete the Transformation Process in
An independent evaluation of the reserve and resources of the Lachowice natural gas development project were described in Horizon's press release dated
Horizon will also continue its business development activities to acquire and develop previously discovered gas and oil resources in the proven natural gas and oil basins located onshore Europe.
The Company has until
The
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the proposal to complete the Transaction and associated transactions, including statements regarding the terms and conditions of the Transformation Process, and the future opportunities of the Company. Although Horizon believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Horizon can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements.
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
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