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Beacon Hill Resources is an AIM listed resources company that is focussed on building a portfolio of near term production projects in commodities relating to the steel production industry. Beacon Hill has two key assets that provide the group with exposure to the steel production industry – Minas Moatize which is currently the only...Read more
RNS Release - Commencement of Quotation on the ASX
Beacon Hill Resources Plc / AIM: BHR / ASX: BHU / Sector: Mining
4 April 2012
Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')
Commencement of Quotation on the Australian Securities Exchange (ASX)
Further to the Company's announcement on 8 December 2011 and 9 March 2012, Beacon Hill is pleased to announce that it was admitted to the official list of the ASX on Tuesday 3 April 2012. Official quotation of the Company's securities will commence at 12:00 noon Australia Eastern Standard Time (3:00am BST) on Thursday 5 April 2012.
Beacon Hill will trade on the ASX under the code "BHU". Following admission to the official list of the ASX, CHESS Depository Interests ('CDIs') will be traded on the ASX. Each CDI will represent two fully paid ordinary shares in the capital of the Company. Ordinary shares will continue to be traded on AIM.
For further details on the ASX listing please refer to Beacon Hill (BHU) on the ASX platform (www.asx.com.au). For details on how to convert ordinary shares into CDIs please refer to the Company's website (www.bhrplc.com).
Justin Lewis, Chairman of Beacon Hill, commented, "We are extremely pleased to have been admitted to the official list of the ASX. We believe this dual listing will provide Beacon Hill with access to a broader capital market base with a strong understanding of resources."
For further information, please contact:
Beacon Hill Resources Plc
Justin Lewis, Chairman
Tim Jones, Group Finance Director
+44 7973 732603
+44 1372 464549
Canaccord Genuity Limited (Nominated Advisor & Joint Broker)
John Prior / Sebastian Jones
+44 20 7523 8350
Renaissance Capital (Joint Broker)
+44 20 7367 7781
Halcyon Corporate (Australian Corporate Advisor)
Ryan Whitelegg / Jonathan Tooth
+61 3 9627 9941
St Brides Media & Finance (UK Media Enquiries)
Susie Geliher / Elisabeth Cowell
+44 20 7236 1177
Six Degrees Investor Relations (Australian Media Enquiries)
+61 3 9674 0347
Beacon Hill Resources Plc is an AIM-listed resource company that is focused on building a portfolio of near-term production projects in commodities relating to the steel production industry.
Beacon Hill owns and operates one of only two operating coal mines producing, selling and exporting coal in the Moatize Coal Basin of Mozambique. In addition, the Group has entered into a JV to develop a further coal tenement in Mozambique and holds licences over a significant magnesite deposit in Australia.
More details on Beacon Hill can be found at www.bhrplc.com .
Forward Looking Statement
Certain statements made during or in connection with the communication, including, without limitation, those concerning the economic outlook for the coal mining industry, expectations regarding coal prices, production, cash costs and other operating results, growth prospects and the outlook of Beacon Hill operations, its liquidity and the capital resources and expenditure, contain or comprise certain forward-looking statements regarding Company's development and exploration operations, economic performance and financial condition.
Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes is the regulatory environment and other government actions, fluctuations in coal prices and exchange rates and business and operational risk management. For a discussion of such factors, refer to the Company's most recent annual report and half year report. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events.
This information is provided by RNS