11:41 AM EST - Horizonte Minerals : announced that it has entered into a definitive agreement with respect to the purchase by Horizonte of 100% of the Vila Oito and Floresta nickel laterite projects, located south of the Carajas Mineral District of northern Brazil, from certain affiliates of Canadian-listed Lara Exploration Ltd. The total consideration for the acquisition will be 8.5 million new shares in the Company. Based on the 20 day average price as at January 18, the day of signing the Heads of Agreement with Lara, the consideration equates to approximately $2 million. Horizonte Minerals
shares T.HZM are trading down $0.01 at $0.25.
