94b4f9fc-59e4-4577-a895-5cabdc6cde16.pdf
ASX, AIM and Media Release 31 March 2016
Successful Completion of Retail Entitlement Offer
Base Resources Limited (ASX & AIM: BSE) ("Base Resources") is pleased to announce the successful completion of the retail component ("Retail Entitlement Offer") of the 1 for 3.35 renounceable pro rata entitlement offer to raise gross proceeds totalling approximately A$10 million at A$0.06 per share ("Offer Price") as announced on 29 February 2016.
The Retail Entitlement Offer closed on 24 March 2016, with eligible retail shareholders subscribing for approximately 13.5 million new Base Resources ordinary shares ("New Shares"), raising gross proceeds of approximately A$0.8 million. The retail shortfall bookbuild was completed on Wednesday, 30 March 2016 ("Retail Bookbuild") and was fully subscribed, with subscriptions received for approximately 17.2 million New Shares raising gross proceeds of approximately A$1.0 million. The Retail Bookbuild was well supported by both existing and new institutional shareholders, with all retail shortfall shares being subscribed for at the Offer Price.
Settlement of the Retail Entitlement Offer is scheduled for Wednesday, 6 April 2016, with the New Shares expected to commence trading on Friday, 8 April 2016. 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 pleased with the support demonstrated by our existing retail shareholders through participation in the retail entitlement offer, as well as the support from those new and existing institutional shareholders that participated in the retail bookbuild. With the strong support previously received in the institutional entitlement offer, the A$10 million capital raising has been a notable success."
ENDS.
For further enquiries contact:
Tim Carstens Stephen Allen
Managing Director Executive Director
Base Resources Limited RFC Ambrian Limited
Email: [email protected] Email: [email protected] Phone: +61 (0)8 9413 7400 Phone: +61 (0)8 9480 2500
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CORPORATE PROFILE
Base Resources Limited ABN 88 125 546 910
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DIRECTORS
Keith Spence Tim Carstens Colin Bwye
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Non-Executive Chairman Managing Director Executive Director
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Sam Willis Michael Anderson Michael Stirzaker
Malcolm Macpherson
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Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director
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COMPANY SECRETARY
Chadwick Poletti
NOMINATED ADVISOR & BROKER
RFC Ambrian Limited As Nominated Advisor:
Andrew Thomson or Stephen Allen Phone: +61 (0)8 9480 2500
As Broker: Jonathan Williams
Phone: +44 20 3440 6800
SHARE REGISTRY
ASX
Computershare Investor Services Pty Limited Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / +61 (3) 9415 4000
www.computershare.com.au
AIM
Computershare Investor Services PLC The Pavilions
Bridgwater Road BRISTOL BS99 6ZZ
Enquiries: +44 (0) 870 702 0003
www.computershare.co.uk
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AUSTRALIA MEDIA RELATIONS
Cannings Purple
Warrick Hazeldine / Annette Ellis
Email: [email protected] / [email protected]
Phone: +61 (0)8 6314 6300
UK MEDIA RELATIONS
Tavistock Communications Jos Simson / Emily Fenton Phone: +44 (0) 207 920 3150
KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / James Njuguna / Joan Kimani Phone: +254 (0)20 239 6899
Email: [email protected]
PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road West Perth WA 6005
Email: [email protected] Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912
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