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Issue of Equity

24th Nov 2010 07:00

RNS Number : 6997W
Beacon Hill Resources plc
24 November 2010
 



Beacon Hill Resources plc / Ticker: BHR / Index: AIM / Sector: Mining

 

24 November 2010

 

Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')

Issue of Equity

 

Beacon Hill Resources Plc, the AIM listed resource company, has today issued 9,090,910 new ordinary shares of 0.25 pence each ('Ordinary Shares') following the partial conversion at 5.5p per share by a holder of the convertible loan notes issued on 19 July 2010 ('Convertible Loan'). Following this conversion, the enlarged issued share capital of the Company, will comprise 286,488,956 Ordinary Shares. In addition there will be £7,499,346 nominal Convertible Loan outstanding, convertible into up to 135,442,655 Ordinary Shares before 18 July 2011.

 

The Company has made application or the new ordinary shares to be admitted to AIM, which is expected to occur, and dealings in the shares will commence, on 29 November 2010 ('Admission'). The new ordinary shares will, when issued, rank pari passu in all respects with the existing issued shares of Beacon Hill, including the right to receive any dividends and other distributions declared following Admission.

 

**ENDS**

 

For further information on the Company, visit: www.bhrplc.com or contact:

 

Justin Lewis

Chairman, Beacon Hill Resources Plc

+61 (0) 3 8637 1540

+61 439 162369

William Vandyk

Northland Capital Partners Limited

+44 (0) 20 7492 4750

Charles Vaughan

Northland Capital Partners Limited

+44 (0) 20 7492 4750

Hugo de Salis

St Brides Media & Finance Ltd

+44 (0) 20 7236 1177

Susie Geliher

St Brides Media & Finance Ltd

+44 (0) 20 7236 1177

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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