Announcement PDF Proposed issue of securities Announcement Summary Entity name HORIZON GOLD LIMITED Announcement Type New announcement Date of this announcement 4/10/2023 The Proposed issue is: A standard pro rata issue (including non-renounceable or renounceable) Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable) ASX +security code +Security description HRN ORDINARY FULLY PAID Maximum Number of +securities to be issued 25,036,328 Ex date 6/10/2023 +Record date 9/10/2023 Offer closing date 6/11/2023 Issue date 13/11/2023 Refer to next page for full details of the announcement Proposed issue of securities 1/6 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity HORIZON GOLD LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ABN 27614175923 1.3 ASX issuer code HRN 1.4 The announcement is New announcement 1.5 Date of this announcement 4/10/2023 1.6 The Proposed issue is: A standard +pro rata issue (non-renounceable or renounceable) 1.6a The proposed standard +pro rata issue is: + Renounceable Proposed issue of securities 2/6 Proposed issue of securities Part 3 - Details of proposed entitlement offer issue Part 3A - Conditions 3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No Part 3B - Offer details Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued ASX +security code and description HRN : ORDINARY FULLY PAID Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No If the entity has quoted company options, do the terms entitle option holders to participate on exercise? No Details of +securities proposed to be issued ASX +security code and description HRN : ORDINARY FULLY PAID ISIN Code (if Issuer is a foreign company and +securities are non CDIs) ISIN Code for the tradable rights created under a renounceable right issue (if Issuer is foreign company and +securities are non CDIs) Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) The quantity of additional +securities For a given quantity of +securities to be issued held 1 Proposed issue of securities 5 3/6 Proposed issue of securities What will be done with fractional entitlements? Maximum number of +securities proposed to be issued (subject to rounding) Fractions rounded down to the nearest whole number or fractions disregarded 25,036,328 Offer price details for retail security holders In what currency will the offer be made? What is the offer price per +security for the retail offer? AUD - Australian Dollar AUD 0.30000 Oversubscription & Scale back details Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? No Will a scale back be applied if the offer is over-subscribed? No Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Part 3C - Timetable 3C.1 +Record date 9/10/2023 3C.2 Ex date 6/10/2023 3C.3 Date rights trading commences 6/10/2023 3C.4 Record date 9/10/2023 3C.5 Date on which offer documents will be sent to +security holders Proposed issue of securities 4/6 Proposed issue of securities 3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 12/10/2023 3C.6 Offer closing date 6/11/2023 3C.7 Last day to extend the offer closing date 1/11/2023 3C.8 Date rights trading ends 30/10/2023 3C.9 Trading in new +securities commences on a deferred settlement basis 31/10/2023 3C.11 +Issue date and last day for entity to announce results of +pro rata issue 13/11/2023 3C.12 Date trading starts on a normal T+2 basis 14/11/2023 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 16/11/2023 Part 3E - Fees and expenses 3E.1 Will there be a lead manager or broker to the proposed offer? Yes 3E.1a Who is the lead manager/broker? Bell Potter 3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? 1% management fee on the gross amount raised under the Offer and a 4% selling fee on any funds raised through the placement of Shortfall Shares 3E.2 Is the proposed offer to be underwritten? No 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No Proposed issue of securities 5/6 Proposed issue of securities 3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 3F - Further Information 3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Funds raised from the Offer will be used to complete the scoping study, to undertake the planned drilling programs on highly ranked gold targets, to repay debt and for general working capital purposes. 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Malaysia, Singapore and United Kingdom 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities Yes 3F.5a Please provide further details of the offer to eligible beneficiaries https://horizongold.com.au/announcements/ 3F.6 URL on the entity's website where investors can download information about the proposed issue https://horizongold.com.au/announcements/ 3F.7 Any other information the entity wishes to provide about the proposed issue 3F.8 Will the offer of rights under the rights issue be made under a disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? No 3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) Proposed issue of securities 6/6