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Share Price Information for Base Resources (BSE)

London Stock Exchange
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Share Price: 14.50
Bid: 14.00
Ask: 15.00
Change: 0.15 (1.05%)
Spread: 1.00 (7.143%)
Open: 14.70
High: 14.85
Low: 14.25
Prev. Close: 14.35
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Base Resource To Draw Down Remaining Funds In Taurus Facility (ALLISS)

Wed, 03rd Jun 2015 07:39

LONDON (Alliance News) - Base Resources Ltd Wednesday said it intends to draw down the remaining USD17 million of its unsecured debt facility with Taurus Funds Management.

The funds, which are expected to be drawn down on June 18, are set to fund the USD15 million liquidity injection required under the terms of the Kwale Project debt facility restructuring completed in November 2014. The remainder of the funds will be used to provide working capital.

Base Resources will issue 30.7 million options over new shares. Taurus can exercise the options at AUD0.40 at any time up to and including December 31 2018.

Shares in Base were untraded in London on Wednesday. The stock last traded at 8.00 pence.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

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24 Oct 2019 11:53

Base Resources Beats Mining Rate Target Though Production Dips

Base Resources Beats Mining Rate Target Though Production Dips

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27 Aug 2019 09:27

Base Resources Delivers Record Revenue As Commodity Prices Surge

(Alliance News) - Base Resources Ltd said on Tuesday higher commodity prices drove the company to record revenue in a year where it became cash positive for the first time.Revenue for the a

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19 Aug 2019 10:44

Pacific Road Capital, UBS Acquires Interests In Base Resources

(Alliance News) - Base Resources Ltd said Monday that two shareholders have increased their stakes in the company.Pacific Road Capital II Pty Ltd, which is part of private equity firm Road

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9 Jul 2019 11:17

Base Resources Finishes Move To New Orebody At Kenya Project

(Alliance News) - Base Resources Ltd has successfully moved mining operations at the Kwale mineral sands project in Kenya, the miner said Tuesday.Base has been moving from the Central Dune

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21 Mar 2019 11:37

Base Resources Hails World Class Potential Of Toliara Project

LONDON (Alliance News) - Base Resources Ltd on Thursday said its new pre-feasibility for the Toliara project confirms its position as one of the best of its kind in the world.The study for

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6 Mar 2019 13:39

Wednesday broker round-up

(Sharecast News) - Ibstock: UBS downgrades to neutral with a target price of 270p.

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25 Feb 2019 11:17

Base Resources Interim Profit Marginally Up As Production Rises

LONDON (Alliance News) - Base Resources Ltd said Monday that its profit for the first six months of the financial year increased slightly as higher levels of production and prices boosted company

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6 Dec 2018 14:27

Base Resources granted new prospecting license in Kenya

(Sharecast News) - Base Resources has been granted prospecting license PL/2015/0042 in the Vanga area in Kenya, it announced on Thursday.

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22 Oct 2018 13:27

Credit Suisse Holdings Now Owns 5% Stake In Base Resources (ALLISS)

LONDON (Alliance News) - Base Resources Ltd said Monday that Credit Suisse Holdings Ltd, on behalf of Credit Suisse Group AG, now owns a 5.1% stake in the company.Credit Suisse owns an in

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26 Sep 2018 12:53

Wednesday broker round-up

(Sharecast News) - IAG: UBS downgrades to neutral with a target price of 705p.

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28 Aug 2018 13:05

Tuesday broker round-up

(Sharecast News) - John Laing Group: RBC Capital Markets downgrades to sector perform with a target price of 330p.

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28 Aug 2018 11:44

Base Resources Annual Profit Doubles On Mineral Price Increases

LONDON (Alliance News) - Base Resources Ltd on Tuesday said price increases and consistent production led to a more than doubling of it annual profit.In its financial year ended June 30 the

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11 Oct 2016 09:10

Base Resources resource at Kwale sees small increase

(ShareCast News) - Base Resources updated the market on its mineral resources and ore reserves at the 100% owned-and-operated Kwale operation on Tuesday, for the year to 30 June. The ASX and AIM-traded company said mineral resources at Kwale were estimated to be 134.6Mt at an average heavy mineral g

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11 Oct 2016 08:41

Base Resources Updates Kwale Project Ore And Mineral Levels

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21 Jun 2016 07:59

Base Resources Gets Further Exploration Licence Around Kwale

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