Horizon Petroleum Ltd. (TSXV:HPL), headquartered in Calgary, Alberta, has announced the closing of a non-brokered private placement, raising CAD $300,100 through the issuance of 2,728,181 units priced at CAD $0.11 each. Each unit consists of one common share and a half warrant, with the warrant allowing holders to purchase an additional common share at CAD $0.15 within a 36-month period following the closing date. The proceeds from this placement will be utilized for general working capital and to further the Company’s projects in Poland. Notably, no finder's fees were incurred during this transaction. The placement is pending final acceptance from the TSX Venture Exchange, and the securities issued will be restricted from trading for four months and one day post-closing. Horizon Petroleum aims to enhance energy independence and security in Europe by focusing on the appraisal and development of natural gas reserves and clean energy sources.