AIM and Media Release
18 October 2018
BASE RESOURCES LIMITED
Notice of Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base
Resources) advises that it has today received the following
notification.
Bank of America Corporation has notified the company that it and
its related bodies corporate (Bank of America) have reduced
their interest in Base Resources ordinary shares by a net
19,006,785 shares through a series of sales and acquisitions of
Base Resources ordinary shares between 5
January 2018 and 12 October
2018.
Consideration received for sales referred to above was a
weighted average of A$0.242 per share
for 11,025,086 shares (excluding 55,413,916 shares returned under
the Prime Brokerage Agreement). Consideration given to
acquire shares referred to above was a weighted average of
A$0.287 per share for 10,312,729
shares (excluding 37,119,488 shares borrowed under the Prime
Brokerage Agreement).
Following the net sale, the company understands Bank of America
has an interest in 40,316,951 ordinary shares representing 3.46% of
total Base Resources ordinary shares on issue, constituting a
significant shareholding for the purposes of the AIM Rules for
companies.
A PDF version of the notice referred to in this release is
available from the company’s website:
www.baseresources.com.au.
ENDS.
For further information contact:
James Fuller, Manager -
Communications and Investor Relations |
UK Media Relations |
Base Resources |
Tavistock Communications |
Tel: +61 (8) 9413 7426 |
Jos Simson and Barnaby Hayward |
Mobile: +61 (0) 488 093 763 |
Tel: +44 (0) 207 920 3150 |
Email:
jfuller@baseresources.com.au |
|
About Base Resources
Base Resources is an Australian based, African focused, mineral
sands producer and developer with a track record of project
delivery and operational performance. The Company operates
the established Kwale Operations in Kenya and is developing the Toliara Sands
Project in Madagascar. Base Resources is an ASX and AIM
listed company. Further details about Base Resources are
available at www.baseresources.com.au
PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912
NOMINATED ADVISOR
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Phone: +61 (0)8 9480 2500