Details of Horizon Minerals and Greenstone Resources merger implementation

Horizon Minerals Limited (ASX: $HRZ) has successfully implemented the merger with Greenstone Resources Limited (ASX: $GSR) through schemes of arrangement under the Corporations Act 2001 (Cth). As part of the implementation, eligible Greenstone securityholders have been issued new HRZ shares and options. Additionally, Greenstone securities will be delisted from the ASX, and there have been changes in the directors and officers of both Horizon and Greenstone.

Executive commentary on the merger implementation

The successful implementation of the merger through the schemes of arrangement marks a significant milestone for both Horizon Minerals and Greenstone Resources. We are pleased to have completed this process, and we believe that the combined entity will create value for our shareholders and stakeholders. The changes in the board and management reflect the integration of the two companies and our commitment to driving the future success of the merged entity.

Summary of Horizon Minerals and Greenstone Resources merger implementation

Horizon Minerals (ASX: $HRZ) has successfully implemented the merger with Greenstone Resources (ASX: $GSR) through schemes of arrangement. The issuance of new HRZ shares and options to eligible Greenstone securityholders has been completed as per the Schemes. Furthermore, the delisting of Greenstone securities from the ASX is underway. The changes in directors and officers of both companies signify the transition phase post-merger. The completion of this merger sets the stage for the combined entity to pursue its strategic objectives and create value for its stakeholders in the future.