Toronto-based Horizons Exchange Traded Funds Inc. said Friday that it will terminate Horizons GMP Junior Oil and Gas Index ETF (TSX:HJE) at the close of business on Friday, August 10.

Effective immediately, no further direct subscriptions for units of the ETF will be accepted.

Friday, August 3 is expected to be the last date on which a redemption request for the ETF may be placed.

The ETF is expected to be voluntarily de-listed from the Toronto Stock Exchange on Tuesday, August 7, with all units still held by investors being subject to a mandatory redemption on August 10.