ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

BSE Base Resources Limited

5.625
-0.25 (-4.26%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Base Resources Limited Toliara Sands Project acquisition completed

23/01/2018 7:00am

UK Regulatory


 
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)

1 Year Base Resources Chart

1 Year Base Resources Chart

1 Month Base Resources Chart

1 Month Base Resources Chart

Your Recent History

Delayed Upgrade Clock