5/22/2017 12:01:52 PM

Horizon Oil Ltd (ASX:HZN) Begins Prepayment of Subordinated Loan

Horizon Oil Ltd (ASX:HZN) (OTCMKTS:HZNFF) is pleased to advise that it has made a US$5m prepayment of the US$50m subordinated, non-amortising loan from its largest shareholder, IMC Investment Limited. The Company intends to repay a further US$5m before the end of this year, provided no unforeseen circumstances arise in the interim. This will result in a reduction in interest payments of about US$1.0m p.a.

Read More
5/22/2017 11:03:58 AM

Mining, Resources and Energy Sector, Fastest Growing Industry on SEEK (ASX:SEK)

The latest SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) data has revealed there were 6.6 per cent new job ads on SEEK this April than 12 months ago. Michael Ilczynski, Managing Director for SEEK Australia and New Zealand, confirmed at a national level the Mining, Resources & Energy sector enjoyed the largest advertising growth of all industries on SEEK this April, up 55 per cent year on year [y/y].

Read More