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German investor backs Horizon gold

A German investment company is loaning Horizon Minerals A$4 million to help get the ASX-listed company to first gold production in the September quarter from the Boorara project in Western Australia.

Michael Quinn
Horizon Minerals is planning to mine at Boorara in Western Australia

Horizon Minerals is planning to mine at Boorara in Western Australia

Sparta AG's $4 million comes with a 20% interest rate and is repayable by March 18, 2021. The loan, plus an equity raising of $2 million (with new shares priced at 8c each), and existing cash reserves...

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