3rd Apr 2013 13:15
Beacon Hill Resources Plc / AIM: BHR / ASX: BHU / Sector: Mining
3 April 2013
Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')
RESULTS OF GENERAL MEETING
On 12 March 2013, Beacon Hill announced details of a proposed placing of 464,122,967 new ordinary shares in the Company ("Ordinary Shares") of 0.25p each ("Placing Shares"), to raise approximately US$21 million (approximately GBP14.1 million*) (the "Placing"). The Placing Shares are being issued in two Tranches; the "First Tranche Placing Shares", which have already been issued, and the "Second Tranche Placing Shares".
The First Tranche Placing Shares are 108,781,226 Ordinary Shares and were admitted to trading on 18 March 2013.
The Second Tranche Placing Shares are 355,341,741 Ordinary Shares and their issue is conditional, inter alia, on the passing of resolutions set out in the notice of general meeting ("Notice of General Meeting") dated 18 March 2013.
The Board of Beacon Hill is pleased to announce that, at the General Meeting of the Company held earlier today, the resolutions set out in the Notice of General Meeting were duly passed.
An application has been made to the London Stock Exchange for the Second Tranche Placing Shares to be admitted to trading on AIM and it is expected that admission will take place at 8.00 a.m. on 4 April 2013. Following admission on AIM of the Second Tranche Placing Shares and admission to quotation of CDIs on the ASX, the total number of shares in issue in the Company will be 1,578,593,484 Ordinary Shares of 0.25p each, all of which are voting shares.
Resolution No. | In Favour (% of votes cast) | Discretion (% of votes cast) | Against (% of votes cast) | Withheld
|
1 | 503,249,444 (99.95%) | 183,231 (0.04%) | 47,000 (0.01%) | 35,487
|
2 | 470,832,823 (93.52%) | 186,493 (0.04%) | 32,437,359 (6.44%) | 58,487 |
3 | 470,849,461 (93.52%) | 186,493 (0.04%) | 32,437,359 (6.44%) | 36,487 |
4 | 470,854,823 (93.52%) | 186,493 (0.04%) | 32,437,359 (6.44%) | 36,487 |
NB: Percentage of Votes cast excludes Withheld votes
*based on an exchange rate of 1.4906 US Dollars per Pound Sterling as at 11 March 2013
For further information, please contact: |
|
Beacon Hill Resources Plc |
|
Justin Farr-Jones, Chairman ([email protected]) Rowan Karstel, Managing Director ([email protected]) | |
Timothy Jones, Group Finance Director ([email protected]) | + 44 1372 464 549 |
Canaccord Genuity Limited |
|
Andrew Chubb / Joe Weaving | +44 20 7523 8000 |
Related Shares:
BHR.L