Successful close of Retail Entitlement Offer

BASE RESOURCES LIMITED - Successful close of Retail Entitlement Offer

PR Newswire

London, January 19

AIM and Media Release 

19 January 2018

BASE RESOURCES LIMITEDSuccessful close of Retail Entitlement Offer

Base Resources Limited (ASX & AIM: BSE) (Base Resources) is pleased to announce successful close of the retail component (Retail Entitlement Offer) of the 1 for 3 accelerated renounceable pro rata entitlement offer announced on Tuesday, 19 December 2017. 

The Retail Entitlement Offer closed on 17 January 2018, with eligible retail shareholders subscribing for approximately 30.2 million new Base Resources ordinary shares (New Shares) at A$0.255 per share, raising gross proceeds of approximately A$7.7 million. 

New Shares under the Retail Entitlement Offer will be issued on Monday, 22 January 2018, with those New Shares expected to commence trading on ASX on Tuesday, 23 January 2018. On issue, the New Shares will rank equally in all regards with existing Base Resources ordinary shares. 

Base Resources’ Managing Director, Tim Carstens, said: “We are very pleased with the support demonstrated by our existing retail shareholders, with participation in the Retail Entitlement Offer representing take-up of approximately 70%. With the strong support previously received in the institutional entitlement offer and placement, the capital raising has been a notable success. We now move to finalise the Toliara Sands Project acquisition, which is scheduled to complete during the week beginning 22 January 2018”.

ENDS.

CORPORATE PROFILEDirectorsKeith Spence (Non-Executive Chairman)Tim Carstens (Managing Director)Colin Bwye (Executive Director)Sam Willis (Non-Executive Director)Michael Stirzaker (Non-Executive Director)Malcolm Macpherson (Non-Executive Director)Company SecretaryChadwick PolettiNOMINATED ADVISOR & BROKERSRFC Ambrian LimitedAs Nominated Adviser:Andrew Thomson / Stephen AllenPhone: +61 (0)8 9480 2500As Joint Broker:Jonathan WilliamsPhone: +44 20 3440 6800Numis Securities LimitedAs Joint Broker:John Prior / James Black / Paul GillamPhone: +44 20 7260 1000SHARE REGISTRY: ASXComputershare Investor Services Pty LimitedLevel 11, 172 St Georges TerracePERTH WA 6000Enquiries: 1300 850 505 / +61 (3) 9415 4000www.computershare.com.auSHARE REGISTRY: AIMComputershare Investor Services PLCThe PavilionsBridgwater RoadBRISTOL BS99 6ZZEnquiries: +44 (0) 870 702 0003www.computershare.co.ukAUSTRALIAN MEDIA RELATIONSCannings PurpleAndrew Rowell[email protected]Phone: +61 (0)8 6314 6300UK MEDIA RELATIONSTavistock CommunicationsJos Simson / Barnaby HaywardPhone: +44 (0) 207 920 3150KENYA MEDIA RELATIONSAfricapractice (East Africa)Evelyn Njoroge / Joan KimaniPhone: +254 (0)20 239 6899Email: [email protected]PRINCIPAL & REGISTERED OFFICELevel 1, 50 Kings Park RoadWest Perth, Western Australia, 6005Email: [email protected]Phone: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912