Feb 18 (Reuters) - Panoramic Resources Ltd PAN.AX :
* ANNOUNCES PARTIAL SALE OF HORIZON GOLD SHAREHOLDING
* GROSS TRANSACTION PROCEEDS RECEIVABLE FROM SALE ARE ABOUT $5.5 MILLION
* SOLD 20.2 MILLION SHARES IN HORIZON TO ZETA RESOURCES AT $0.27 PER SHARE
* CO'S RESIDUAL SHAREHOLDING IN HORIZON AFTER DEAL REPRESENTS ABOUT 24.6% OF HORIZON'S SHARE CAPITAL