Change of Interests of Substantial Shareholders

AIM and Media Release 

14 March 2016

BASE RESOURCES LIMITED
Change of Interests of Substantial Shareholders

Base Resources Limited (ASX & AIM: BSE) ("Base Resources") advises that following completion of the institutional component of its accelerated renounceable pro rata entitlement offer as announced on 11 March 2016 (“Institutional Entitlement Offer”) and the issue of fully paid ordinary shares at A$0.06 (“Offer Price”) under that offer, the updated holdings of Base Resources’ substantial shareholders are as follows:

• Pacific Road Capital was issued a total of 34,238,772 Base Resources shares on 11 March 2016 at the Offer Price for total consideration of A$2,054,326 and as at 11 March 2016 held an interest in Base Resources shares of 21.23%.
• Hunter Hall Investment Management Limited was issued a total of 47,211,085 Base Resources shares on 11 March 2016 at the Offer Price for total consideration of A$2,832,665 and as at 11 March 2016 held an interest in Base Resources shares of 18.79%.
• Sustainable Capital Limited was issued a total of 33,459,858 Base Resources shares on 11 March 2016 at the Offer Price for total consideration of A$2,007,591 and as at 11 March 2016 held an interest in Base Resources shares of 15.97%.
• Taurus Funds Management acquired a total of 423,038 Base Resources shares between 19 June 2015 and 26 June 2016 for total consideration of A$59,341 and as at 14 March 2016 held an interest in Base Resources shares of 14.94%.

The above information is based on notifications received today or is otherwise based on Base Resources’ calculations following completion of the Institutional Entitlement Offer.  It is expected that the interests noted above will change slightly following completion of the retail component of the entitlement offer (expected on or about Thursday, 7 April 2016).

Full PDF versions of the notices referred to in this release are available from www.asx.com.au and on the company’s website:  www.baseresources.com.au.

ENDS.

CORPORATE PROFILE

Directors
Keith Spence (Non-Executive Chairman)
Tim Carstens (Managing Director)
Colin Bwye (Executive Director)
Sam Willis (Non-Executive Director)
Michael Anderson (Non-Executive Director)
Michael Stirzaker (Non-Executive Director)
Malcolm Macpherson (Non-Executive Director)

Company Secretary
Chadwick Poletti

NOMINATED ADVISOR & BROKER
RFC Ambrian Limited
As Nominated Adviser:
Andrew Thomson / Stephen Allen
Phone: [phone]
As Broker:
Jonathan Williams
Phone: [phone]

SHARE REGISTRY:  ASX
Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / [phone]
www.computershare.com.au

SHARE REGISTRY:  AIM
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
BRISTOL BS99 6ZZ
Enquiries: [phone]
www.computershare.co.uk

AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Warrick Hazeldine / Annette Ellis
Email:[e-mail] /
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Emily Fenton
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / James Njuguna/Joan Kimani
Phone: [phone]
Email:[e-mail]

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email:  [e-mail]
Phone: [phone]
Fax: [phone]