🕐22.03.13 - 09:54 Uhr

BEACON HILL RESOURCES - PELHAM INVESTMENTS ACQUIRES 20% SHAREHOLDING IN BHR FROM RENCAP



22 March 2013 Beacon Hill Resources Plc / AIM: BHR / ASX: BHU / Sector: Mining Beacon Hill Resources Plc (Beacon Hill or the Company) Change in Shareholder Ownership: Major New Investor Beacon Hill Resources Plc, the AIM and ASX listed coal producer, is pleased to announce Pelham Investments Limited (Pelham) has acquired 236,264,884 shares in the capital of the Company from Renaissance Financial Holdings Limited (Renaissance).

The Company understands that the share transaction was completed at a price of 3 pence per share.

Pelham now holds 19.6 % of the issued share capital in the Company and Renaissance are no longer a shareholder. Justin Farr-Jones, Chairman of BHR Plc commented: "Pelham are an experienced long term financial investor and the Board welcomes their vote of confidence in the Beacon Hill management and the Minas Moatize Project in becoming a significant shareholder in the Company." **ENDS**
For further information, please contact:
Beacon Hill Resources Plc
Rowan Karstel, Managing Director ()
Justin Farr-Jones, Chairman ()
Timothy Jones, Group Finance Director () + 44 (0) 1372 464 549 Canaccord Genuity Limited (Nominated Adviser) Andrew Chubb / Sebastian Jones +44 20 7523 8000 St Brides Media & Finance Ltd (Financial Public Relations) +44 20 7236 1177 Susie Geliher / Elisabeth Cowell
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