Horwood Exploration Corp. Completes Private Placement and Files Early Warning Reports

Horwood Exploration Corp. successfully closed a non-brokered private placement, issuing 1,000,000 units at $0.05 each to raise a total of $50,000. This capital will serve as working capital for the company. Each unit in this offering comprises one common share and a warrant, which may be exercised at $0.10 per common share over the next 36 months.

Following the offering, significant shareholder Ms. Mindy Mudhar increased her holdings to 1,500,000 common shares, now accounting for 8.45% of the firm on a non-diluted basis and 13.33% including potential warrant exercise. The securities from the placement are bound by a statutory hold period of four months plus one day. This private placement was conducted under Canadian regulations, prohibiting sale within the U.S. without registration or exemptions.

An early warning report has been filed for Ms. Mudhar, detailing the potential for further transaction intentions depending on market and company conditions. This document is available on the SEDAR+ website.