AIM and Media Release
14 October 2019
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 Corporation)
have increased their relevant interest in Base Resources ordinary
shares by 22,035,777 to 86,040,171 ordinary shares, representing
7.38% of total Base Resources ordinary shares on issue,
constituting a significant shareholding for the purposes of the AIM
Rules for Companies.
Bank of America Corporation’s interest in 86,040,171 Base
Resources ordinary shares is held as follows:
Holder of relevant
interest |
Nature of relevant
interest |
Class and number of
securities |
Merrill Lynch (Australia) Futures
Ltd |
Power to control voting and/or
disposal of securities in its capacity as ultimate beneficial owner
having a principal position |
57,453,861 ordinary shares |
Merrill Lynch International
(Australia) Ltd |
Borrowing of securities pursuant to
a Prime Brokerage Agreement, with power to control the voting
and/or disposal of borrowed securities |
28,586,310 ordinary shares |
Average consideration given for acquisitions between
2 October 2019 and 10 October 2019 was A$0.2434 per share for 22,035,777 shares.
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 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
Stephen Allen
Phone: +61 (0)8 9480 2500
JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
JOINT BROKER
Numis Securities Limited
John Prior / James Black / Paul
Gillam
Phone: +44 20 7260 1000