BHR Beacon Hill

TIDMBHR

RNS Number : 1058V

Beacon Hill Resources plc

23 October 2014

23 October 2014

Beacon Hill Resources Plc / AIM: BHR / Sector: Mining

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

Update on Vitol Senior Debt Facility

As previously announced on 19 August 2014, the Company entered into an Amendment Agreement with Vitol SA related to the US$10 million senior debt facility to further defer all principal amortization and accrue interest until 30 September 2014.

Negotiations remain ongoing with Vitol regarding restructuring the Vitol debt, including its payment terms, to accommodate the new senior debt facility required for the expansion project. The Company will update the market once a further agreement has been reached.

**ENDS**

 
 For further information, please contact: 
------------------------------------------------------ 
 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 
------------------------------------------------------  -------------- 
 St Brides Media & Finance Limited 
  (Financial Public Relations)                             +44 20 7236 
  Susie Geliher / Elisabeth Cowell                                1177 
------------------------------------------------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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