Shares Issued Under Retail Entitlement Offer

BASE RESOURCES LIMITED - Shares Issued Under Retail Entitlement Offer

PR Newswire

London, April 7

AIM and Media Release 

7 April 2016

BASE RESOURCES LIMITEDShares Issued Under Retail Entitlement Offer

Base Resources Limited (ASX & AIM: BSE) ("Base Resources") is pleased to advise that it has completed the retail component of its accelerated renounceable pro rata entitlement offer announced on 29 February 2016 (“Entitlement Offer”).

Base Resources has today issued 30,809,856 new fully paid ordinary shares (“New Shares”) pursuant to the retail component of the Entitlement Offer (including the retail shortfall bookbuild), raising gross proceeds of approximately A$1.8 million. These New Shares are to commence trading on ASX tomorrow.

The total number of Base Resources shares on issue following the issue of the New Shares referred to above is 732,231,956. 

Base Resources raised total gross proceeds of approximately A$10.1 million pursuant to the institutional and retail components of the Entitlement Offer.

A PDF version of this release, together with an updated ASX Appendix 3B reflecting the issue of the New Shares referred to above, are available from www.asx.com.au and on the company's website: www.baseresources.com.au.

ENDS.

CORPORATE PROFILEDirectorsKeith Spence (Non-Executive Chairman)Tim Carstens (Managing Director)Colin Bwye (Executive Director)Sam Willis (Non-Executive Director)Michael Anderson (Non-Executive Director)Michael Stirzaker (Non-Executive Director)Malcolm Macpherson (Non-Executive Director)Company SecretaryChadwick PolettiNOMINATED ADVISOR & BROKERRFC Ambrian LimitedAs Nominated Adviser:Andrew Thomson / Stephen AllenPhone: +61 (0)8 9480 2500As Broker:Jonathan WilliamsPhone: +44 20 3440 6800SHARE 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 PurpleWarrick Hazeldine / Annette EllisEmail: whazeldine@canningspurple.com.au /aellis@canningspurple.com.auPhone: +61 (0)8 6314 6300UK MEDIA RELATIONSTavistock CommunicationsJos Simson / Emily FentonPhone: +44 (0) 207 920 3150KENYA MEDIA RELATIONSAfricapractice (East Africa)Evelyn Njoroge / James Njuguna/Joan KimaniPhone: +254 (0)20 239 6899Email: jkimani@africapractice.comPRINCIPAL & REGISTERED OFFICELevel 1, 50 Kings Park RoadWest Perth, Western Australia, 6005Email: info@baseresources.com.auPhone: +61 (0)8 9413 7400Fax: +61 (0)8 9322 8912