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HORIZON RESOURCES ANNOUNCES ONE-FOR-EIGHT REVERSE STOCK SPLIT

 HORIZON RESOURCES ANNOUNCES ONE-FOR-EIGHT REVERSE STOCK SPLIT
 GOLDEN, Colo., Sept. 17 /PRNewswire/ -- Horizon Resources Corp. (formerly Horizon Gold Corp.) (NASDAQ: HRIZ) announces that as of today, its stock is trading in accordance with the one-for-eight Reverse Stock Split. At the company's annual meeting Sept. 15, 1992, shareholders ratified the proposals to change the name of the corporation, effect the Reverse Stock Split and increase the company's capitalization to 9,375,000 shares of common stock.
 -0- 9/17/92
 /CONTACT: Dick Ryan of Horizon Resources, 303-239-8701/ CO: Horizon Resources Corp. ST: Colorado IN: MNG SU:


MC -- DV005 -- 0660 09/17/92 12:28 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:104
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