[miningmx.com] – COAL producer and exploration firm, Beacon Hill
Resources, has listed on the Sydney Stock Exchange in an effort to broaden its
investor base. Beacon Hill is already listed on London’s AIM market.
Said Justin Lewis, executive chairman of Beacon Hill: “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.’
The company, which is ramping up production at its proposed 4 million tonne/year
Minas Moatize in Mozambique’s Tete province, is listing depository receipts in
Australia. Each unit will represent two fully paid ordinary shares in the company.
