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9 Jan 2013 12:15
9 January 2013
Beacon Hill Resources Plc / AIM: BHR / ASX: BHU / Sector: Mining
Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')
Results of General Meeting
The Board of Beacon Hill is pleased to announce that all resolutions put to the General Meeting of Shareholders held today on 9 January 2013 were passed on a show of hands.
Details of the proxy votes are as provided in the tables below.
Resolution 1
Ordinary resolution to grant the directors of the Company authority to allot Relevant Securities pursuant to section 551 of the Companies Act 2006
For | 607,886,073 |
Against | 26,065,976 |
Vote Withheld | 3,039,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 2
Special resolution to disapply the pre-emption provisions of section 561(1) of the Companies Act 2006
For | 553,708,722 |
Against | 80,243,327 |
Vote Withheld | 3,039,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 3
Ordinary resolution to ratify for the purposes of ASX Listing Rule 7.4 the issue of Ordinary Shares to the July Investors upon the conversion of the July Loan Notes
For | 633,521,896 |
Against | 420,153 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 4
Ordinary resolution to ratify for the purposes of ASX Listing Rule 7.4 the issue of 54,892,016 Ordinary Shares to certain contractors
For | 606,954,016 |
Against | 26,988,033 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 5
Ordinary resolution to ratify for the purposes of ASX Listing Rule 7.4 the issue of 4,500,000 Ordinary Shares to Fortrend
For | 607,041,073 |
Against | 26,900,976 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 6
Ordinary resolution to ratify for the purposes of ASX Listing Rule 7.4 the issue of up to 1,125,000 Ordinary Shares to Fortrend upon the exercise of the Fortrend Options
For | 607,028,880 |
Against | 26,913,169 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 7
Ordinary resolution to ratify for the purposes of ASX Listing Rule 7.4 the issue of US$2,000,000 of Ordinary Shares to Latitude upon the conversion of the Tranche 1 Latitude Loan Notes
For | 607,871,705 |
Against | 26,063,169 |
Vote Withheld | 3,056,977 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 8
Ordinary resolution to ratify for the purposes of ASX Listing Rule 7.4 the issue of up to 1,500,000 Ordinary Shares to Latitude upon the exercise of the Tranche 1 Latitude Warrants
For | 607,878,880 |
Against | 26,063,169 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 9
Ordinary resolution to ratify for the purposes of ASX Listing Rule 7.4 the issue of up to 1,500,000 Ordinary Shares to Latitude upon the exercise of the Tranche 2 Latitude Warrants
For | 607,878,880 |
Against | 26,063,169 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 10
Ordinary resolution to approve for the purposes of ASX Listing Rule 7.1 the issue of up to US$2,000,000 of Ordinary Shares to Latitude upon the conversion of the Tranche 2 Latitude Loan Notes
For | 608,078,880 |
Against | 25,863,169 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 11
Ordinary resolution to approve for the purposes of ASX Listing Rule 7.1 the issue of up to 12,500,000 Ordinary Shares to Global upon the conversion of the Global Loan Notes
For | 608,165,937 |
Against | 25,776,112 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 12
Ordinary resolution to approve for the purposes of ASX Listing Rule 7.1 the issue of up to 625,000 Ordinary Shares in the Company to Global upon the exercise of the Global Warrants
For | 608,078,880 |
Against | 25,863,169 |
Vote Withheld | 3,049,802 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 13
Ordinary resolution to approve for the purposes of ASX Listing Rule 10.14 the grant of 5,594,922 Employee Options to Rowan Karstel
For | 594,733,118 |
Against | 13,613,174 |
Vote Withheld | 28,645,559 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
Resolution 14
Ordinary resolution to approve for the purposes of ASX Listing Rule 10.11 the allotment of 3,636,364 Ordinary Shares to Justin Lewis
For | 545,396,014 |
Against | 43,960,519 |
Vote Withheld | 47,635,318 |
Total Proxy Votes | 636,991,851 |
OUTCOME: PASSED
**ENDS**
For further information, please contact: | |
Beacon Hill Resources Plc | |
Rowan Karstel, Managing Director (rowan.karstel@bhrplc.com) | |
Timothy Jones, Group Finance Director (timothy.jones@bhrplc.com) | + 44 (0) 1372 464 549 |
David Premraj, Director, Corporate Development (david.premraj@bhrplc.com) | +61 3 9627 9910 |
Canaccord Genuity Limited (Nominated Adviser) | |
Rob Collins / Sebastian Jones | +44 20 7523 8350 |
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