CALGARY, AB, Jan. 22, 2026/ CNW/ – Horizon Petroleum Ltd. (TSXV: HPL) (” Horizon” or the “Business”) On January 8, 2026 the Business revealed that, at the demand of the Business, the Alberta Securities Commission (the “ASC”) released a short-lived and voluntary management stop trade order (the “MCTO”) versus the Business under NP 12-203 in connection with the Business’s postponed filing of its:
- Yearly Audited Financial Statements for the year ended August 31, 2025, as needed by area 4.2 of National Instrument 51-102 – Constant Disclosure Commitments (” NI 51-102″);
- Management Conversation & & Analysis for the year ended August 31, 2025, as needed by area 5.1( 2) of NI 51-102;
- Accreditation of the yearly filings for the year ended August 31, 2025
( Jointly, the “Yearly Filings”).
The Yearly Filings were needed to be submitted by December 29, 2025.
The MCTO restricts the Business’s President and Chief Financial Officer from trading in and acquisitions of, whether straight or indirectly, securities of the Business up until 2 complete organization days following invoice by the ASC of the Required Filings. The MCTO does not limit or impact the capability of other investors or financiers to sell the Business’s securities.
The Business and its auditor continue to work vigilantly towards finishing the Yearly Filings as quickly as possible with the objective of submitting the Yearly Filings by February 16, 2026
Pursuant to NP 12-203, Horizon Petroleum Ltd. should submit bi-weekly default status reports by method of press release throughout the duration of the MCTO. Aside from as divulged herein, the Business validates that given that January 8, 2026: (i) there has actually been no product modification to the info included in journalism release provided by the Business revealing the issuance of the MCTO; (ii) there has actually been no failure to satisfy its specified objectives with regard to pleasing the arrangements of the alternative info standards set out in NP 12-203; (iii) there has actually not been any other defined default subsequent by the Business under NP 12-203; and (iv) there is no other product info worrying the affairs of the Business that has actually not been usually divulged.
Till the filing of the Yearly Filings and throughout the duration of the MCTO, the Business will follow the arrangements of the alternative info standards as needed by NP 12-203.
ABOUT HORIZON
Calgary– based Horizon is concentrated on the appraisal and advancement of traditional oil & & gas resources onshore Europe The Management and Board of Horizon include oil & & gas specialists with substantial global experience.
Forward-Looking Details
This news release consists of positive info within the significance of Canadian securities laws (jointly “positive declarations”). Positive declarations are generally determined by words such as: think, anticipate, prepare for, mean, approximate, strategies, postulate and comparable expressions, or are those, which, by their nature, describe future occasions. All declarations that are not declarations of historic truth are positive declarations. Positive declarations in this news release consist of however are not restricted to declarations concerning, the Offering, the Business’s existence in Poland and capability to accomplish outcomes, development of worth for Business investors, prepared drilling, start of operations. Although the Business thinks any positive declarations in this news release are affordable, it can offer no guarantee that the expectations and presumptions in such declarations will show to be appropriate. Elements that might trigger real outcomes to vary materially from such positive info consist of, however are not restricted to, modifications in the state of equity and financial obligation markets, variations in product rates, hold-ups in acquiring necessary regulative or governmental approvals, and other threats associated with the oil and gas expedition and advancement market, consisting of those threats set out in the Business’s management’s conversation and analysis as submitted under the Business’s profile at www.sedarplus.ca. Positive info in this press release is based upon the viewpoints and presumptions of management thought about affordable since the date hereof, consisting of that all needed governmental and regulative approvals will be gotten as and when anticipated. Although the Business thinks that the presumptions and aspects utilized in preparing the positive info in this press release are affordable, unnecessary dependence needs to not be put on such info. The Business disclaims any objective or responsibility to upgrade or modify any positive info, aside from as needed by suitable securities laws.
Neither TSX Endeavor Exchange nor its Policy Solutions Company (as that term is specified in the policies of the TSX Endeavor Exchange) accepts obligation for the adequacy or precision of this release.
SOURCE Horizon Petroleum Ltd.