ASX, AIM and Media Release 19 January 2018
Successful 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.
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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: +61 (0)8 9480 2500
Joint Brokers:
RFC Ambrian Limited Jonathan Williams Phone: +44 20 3440 6800 Numis Securities Limited
John Prior / James Black / Paul Gillam Phone: +44 (0)20 7260 1000
SHARE REGISTRY
ASX
Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / +61 (3)9415 4000www.computershare.com.au
AIM
Computershare Investor Services PLC The Pavilions
Bridgwater Road BRISTOL BS99 6ZZ
Enquiries: +44 (0)870 702 0003www.computershare.co.uk
AUSTRALIA MEDIA RELATIONS
Cannings Purple
Andrew Rowell
Email:arowell@canningspurple.com.auPhone: +61 (0)8 6314 6300
UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Barnaby Hayward Phone: +44 (0)207 920 3150
KENYA MEDIA RELATIONS
Africapractice (East Africa) Evelyn Njoroge / Joan Kimani Phone: +254 (0)20 239 6899 Email:jkimani@africapractice.com
PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth WA 6005
Email:info@baseresources.com.auPhone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912
Base Resources Limited published this content on 19 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 January 2018 01:19:10 UTC.
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