LONDON, 13 June 2012 - Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to announce it has acted as Nominated Adviser and broker on a placing to raise £5.2m for its client, Horizonte Minerals plc.

Horizonte is an AIM-quoted exploration and development company focused on Brazil and, following the placing, will have net cash of £9 million, sufficient to advance its 100% Araguaia Nickel project through to the end of pre-feasibility in 2013.