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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Base Resources Limited | LSE:BSE | London | Ordinary Share | AU000000BSE5 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.25 | -4.26% | 5.625 | 5.50 | 5.75 | 5.875 | 5.50 | 5.875 | 92,413 | 14:40:39 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 271.43M | -4.84M | -0.0041 | -26.83 | 129.8M |
TIDMBSE AIM and Media Release 23 January 2018 BASE RESOURCES LIMITED Toliara Sands Project acquisition completed Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) is pleased to advise that the Toliara Sands Project acquisition has now completed. With payment of the US$75 million up-front consideration by Base Resources, the initial 85% interest in the wholly owned Mauritian subsidiaries of World Titane Holdings Ltd, which between them hold a 100% interest in the Toliara Sands Project in Madagascar (held through wholly owned subsidiaries in Madagascar), and control, has now been transferred to the Company. Base Resources will acquire the remaining 15% interest, with a further US$17 million payable on achievement of key milestones as the project advances to mine development. Tim Carstens, Managing Director of Base Resources, commented: "The Toliara Sands Project is a transformational acquisition and represents a significant step in execution of the Company's strategic plan. We are excited to now proceed with the development of what we consider to be one of the very best mineral sands projects in the world. The strong support demonstrated by institutional and retail shareholders, as well as the Base Resources management team, through participation in the capital raising reflects a shared enthusiasm." For further details of the Toliara Sands Project, and Base Resources' proposed development plan, refer to the market announcement and investor presentation released on 19 December 2017[1]. [Note 1: Refer to Base Resources' market announcement "Transformational Acquisition of the Toliara Sands Project and A$100 million share offer" and investor presentation "Investor Presentation - Acquisition and Entitlement Offer" each released on 19 December 2017, which are available at http:// www.baseresources.com.au/investor-centre/asx-releases.] ENDS. CORPORATE PROFILE Directors Keith Spence (Non-Executive Chairman) Tim Carstens (Managing Director) Colin Bwye (Executive Director) Sam Willis (Non-Executive Director) Michael Stirzaker (Non-Executive Director) Malcolm Macpherson (Non-Executive Director) Company Secretary Chadwick Poletti NOMINATED ADVISOR & BROKERS RFC Ambrian Limited As Nominated Adviser: Andrew Thomson / Stephen Allen Phone: +61 (0)8 9480 2500 As Joint Broker: Jonathan Williams Phone: +44 20 3440 6800 Numis Securities Limited As Joint Broker: John Prior / James Black / Paul Gillam Phone: +44 20 7260 1000 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 SHARE REGISTRY: AIM Computershare Investor Services PLC The Pavilions Bridgwater Road BRISTOL BS99 6ZZ Enquiries: +44 (0) 870 702 0003 www.computershare.co.uk AUSTRALIAN MEDIA RELATIONS Cannings Purple Andrew Rowell arowell@canningspurple.com.au Phone: +61 (0)8 6314 6300 UK MEDIA RELATIONS Tavistock Communications Jos Simson / Barnaby Hayward Phone: +44 (0) 207 920 3150 KENYA MEDIA RELATIONS Africapractice (East Africa) Evelyn Njoroge / Joan Kimani Phone: +254 (0)20 239 6899 Email: jkimani@africapractice.com 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 END
(END) Dow Jones Newswires
January 23, 2018 02:00 ET (07:00 GMT)
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