Base Resources : 05 Jan 2018 Share issue - Placement and Institutional Entitlement Offer (579.8 KiB) View Document

ASX, AIM and Media Release 5 January 2018

Shares issued under Placement and Institutional Entitlement Offer

Base Resources Limited (ASX & AIM: BSE) (Base Resources) is pleased to advise that it has successfully completed the institutional placement (Placement) and institutional component of its accelerated renounceable pro rata entitlement offer announced on Tuesday, 19 December 2017 (Institutional Entitlement Offer).

Base Resources has today completed the issue of the following new Base Resources fully paid ordinary shares (New Shares) raising gross proceeds of approximately A$89.3 million:

• • 143,092,216 New Shares pursuant to the Placement; and

• • 206,982,409 New Shares pursuant to the Institutional Entitlement Offer.

The New Shares are to commence trading on ASX today. The total number of Base Resources ordinary shares on issue following the issue of the New Shares is 1,097,268,564.

The retail component of the pro rata entitlement offer (Retail Entitlement Offer) opened on Thursday, 28 December 2017, with the Retail Entitlement Offer Booklet being sent to eligible retail shareholders on that day. Trading of retail entitlements on ASX (ASX: BSERA) is currently available and is due to end on Wednesday, 10 January 2018.

The Retail Entitlement Offer is scheduled to close at 7.00pm (AEDT) on Wednesday, 17 January 2018.

Attached is a notice issued under section 708A(5)(e) of the Corporations Act 2001 (Cth) with respect to those New Shares issued pursuant to the Placement.

ENDS.

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CORPORATE PROFILE

Base Resources Limited ABN 88 125 546 910

DIRECTORS

Keith Spence	Non-Executive Chairman	Sam Willis
Tim Carstens	Managing Director	Michael Stirzaker
Colin Bwye	Executive Director	Malcolm Macpherson
COMPANY SECRETARY
Chadwick Poletti

Non-Executive Director Non-Executive Director Non-Executive Director

NOMINATED ADVISOR & BROKERS

Nominated Advisor:

RFC Ambrian Limited

Andrew Thomson / Stephen Allen Phone: [phone]

Joint Brokers:

RFC Ambrian Limited Jonathan Williams Phone: [phone] Numis Securities Limited

John Prior / James Black / Paul Gillam Phone: [phone]

SHARE REGISTRY

ASX

Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace

PERTH WA 6000

Enquiries: 1300 850 505 / [phone]www.computershare.com.au

AIM

Computershare Investor Services PLC The Pavilions

Bridgwater Road BRISTOL BS99 6ZZ

Enquiries: [phone]www.computershare.co.uk

AUSTRALIA MEDIA RELATIONS

Cannings Purple

Andrew Rowell

Email:[e-mail]: [phone]

UK MEDIA RELATIONS

Tavistock Communications

Jos Simson / Barnaby Hayward Phone: [phone]

KENYA MEDIA RELATIONS

Africapractice (East Africa) Evelyn Njoroge / Joan Kimani Phone: [phone] Email:[e-mail]

PRINCIPAL & REGISTERED OFFICE

Level 1, 50 Kings Park Road

West Perth WA 6005

Email:[e-mail]: [phone]

Fax: [phone]

5 January 2018

Company Announcements Office ASX Limited

Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

Dear Sirs

BASE RESOURCES LIMITED - NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001 (CTH)

This notice is given by Base Resources Limited (ABN 88 125 546 910) (ASX & AIM code: BSE) (Base Resources) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) as notionally modified by the Australian Securities and Investments Commission.

Base Resources announced on 19 December 2017 a placement of ordinary shares to institutional investors (Placement) to raise approximately A$36.5 million at A$0.255 per fully paid ordinary share in Base Resources (New Shares). The Placement is being conducted in conjunction with a pro-rata accelerated renounceable entitlement offer with retail rights trading to raise total gross proceeds of A$100 million.

Base Resources confirms that it has today issued 143,092,216 New Shares to institutional investors under the Placement.

Base Resources gives notice that:

• a) the New Shares were issued without disclosure under Part 6D.2 of the Act;

• b) this notice is being given under section 708A(5)(e) of the Act;

• c) as at the date of this notice, Base Resources has complied with:

  • i. the provisions of Chapter 2M of the Act as they apply to Base Resources; and

  • ii. section 674 of the Act; and

• d) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Act that is required to be set out in this notice.

Yours faithfully

Chadwick Poletti Company Secretary