Horizon Minerals to merge with Greenstone Resources.

Horizon Minerals, an Australian gold exploration and mining company, agreed to merge with Greenstone Resources, a private equity fund. Financial terms were not disclosed. “There is strong alignment between Greenstone’s strategy and that of Horizon, which is one of the core pillars underpinning this regional consolidation. Together we have greater capability to deliver on near-term cashflow generation which provides a stepping stone to delivering a longer-life, cornerstone operations fitting for an emerging mid-tier producer. Through the combination of our teams, we are also able to bring all the necessary skillsets at a Board and senior management level which will enable us to achieve our ambitions,” Chris Hansen, Greenstone Resources Managing Director & CEO.