Beacon Hill Resources plc Response to Share Price Increase (6986X)
21 Novembro 2014 - 9:45AM
UK Regulatory
TIDMBHR
RNS Number : 6986X
Beacon Hill Resources plc
21 November 2014
21 November 2014
Beacon Hill Resources Plc / AIM: BHR / Sector: Mining
Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')
Response to Share Price Increase
Beacon Hill notes the increase in the share price of the Company
today.
The Board of Beacon Hill confirms as previously announced it
remains in advanced negotiations with a Development Finance
Institution ("DFI") in relation to a new senior debt facility.
Additionally, the Company continues to advance discussions with
existing convertible loan note holders regarding a potential
restructuring of up to US$15m in loan notes due for redemption
between July 2015 to December 2016.
Beacon Hill reiterates that there is no certainty that these
negotiations will lead to a transaction. The Company currently has
sufficient working capital until the end of December 2014 and the
Board of Beacon Hill is reviewing its financing options and may
seek to raise additional working capital to ensure it remains
adequately capitalised.
The Company will update the market with respect to any material
developments in due course.
**ENDS**
For further information, please contact:
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Beacon Hill Resources Plc
Justin Farr-Jones, Chairman (jfarr-jones@bhrplc.com)
Rowan Karstel, Chief Executive Officer
(rowan.karstel@bhrplc.com)
Canaccord Genuity Limited (Nominated
Adviser and Broker) +44 20 7523
Neil Elliot / Tim Balston 8000
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St Brides Media & Finance Limited
(Financial Public Relations) +44 20 7236
Susie Geliher / Elisabeth Cowell 1177
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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