Horizon Minerals Limited (ASX:HRZ) agreed to acquire Greenstone Resources Limited (ASX:GSR) for AUD 13.3 million on February 13, 2024. Horizon Minerals Limited will issue 0.2868 shares for every one share of Greenstone. As of June 5, 2024, the transaction has been approved by Supreme Court of Western Australia.

Argonaut Limited acted as financial advisor and Allen & Overy Australia acted as legal advisor for Horizon Minerals Limited. Steinepreis Paganin acted as legal advisor for Greenstone Resources Limited. BDO Corporate Finance (WA) Pty Ltd acted as financial advisor to Greenstone.