Shares issued under Retail Entitlement Offer

AIM and Media Release 

22 January 2018

BASE RESOURCES LIMITED
Shares issued under Retail Entitlement Offer

Base Resources Limited (ASX & AIM: BSE) (Base Resources) is pleased to advise the completion of the retail component (Retail Entitlement Offer) of the 1 for 3 accelerated renounceable pro rata entitlement offer announced on Tuesday, 19 December 2017 (Entitlement Offer). 

Base Resources has today issued 30,306,450 new fully paid ordinary shares (New Shares) pursuant to the Retail Entitlement Offer, raising gross proceeds of approximately A$7.7 million.  These New Shares rank equally in all regards with existing Base Resources ordinary shares and are to commence trading on ASX tomorrow.  The New Shares are expected to be admitted to trading on AIM on or around 24 January 2018.

Base Resources raised total gross proceeds of approximately A$97 million pursuant to the institutional placement and institutional and retail components of the Entitlement Offer.

The Retail Entitlement Offer was well supported by the Base Resources Board and management.  Set out below are updated shareholding details for those persons classified as “persons discharging managerial responsibilities” for the purposes of the Market Abuse Regulation (EU).

Name	New Shares subscribed for	Total holding of shares (direct and indirect)
Directors
Keith Spence       (Non-Executive Chairman)	166,667	666,667
Tim Carstens       (Managing Director)	536,992	2,655,640
Colin Bwye           (Executive Director)	430,000	3,158,865
Sam Willis            (Non-Executive Director)	66,667	266,667
Management
Kevin Balloch	155,190	620,759
Colin Forbes	182,067	758,302
Andre Greyling	488,021	1,952,081
Stephen Hay	132,459	529,837
Chadwick Poletti	37,957	171,947
Denham Vickers	63,584	651,392

The issued capital of Base Resources following the issue of the New Shares is:

• 1,127,575,014 fully paid ordinary shares.
• 61,425,061 options (exercise price of A$0.40, expiring 31 December 2018).
• 71,281,661 performance rights issued pursuant to the terms of the Base Resources Long Term Incentive Plan.

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: [phone]
As Joint Broker:
Jonathan Williams
Phone: [phone]

Numis Securities Limited
As Joint Broker:
John Prior / James Black / Paul Gillam
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
Andrew Rowell
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Barnaby Hayward
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / 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]