Disclosure under Guidance Note 20 - Equity Deri...

AIM and Media Release 

7 October 2021

BASE RESOURCES LIMITED
Disclosure under Takeovers Panel Guidance Note 20 - Equity Derivatives

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) advises that it has received the notice extracted in italics below from Regal Funds Management Asia Pte Limited.  The notice was provided to the company pursuant to the Australian Takeovers Panel Guidance Note 20 - Equity Derivatives.

06-October-2021

Dear BASE RESOURCES LIMITED,

Disclosure of Long Equity Derivative Positions

We refer to Guidance Note 20: Equity Derivatives ( GN20 ) issued by the Australian Takeovers Panel. Terms not defined in this notice have the meanings given to them in GN20.

GN20 relevantly provides that the non-disclosure of long positions, including long equity derivative positions, may give rise to unacceptable circumstances. Regal Funds Management Asia Pte Limited, as investment manager of Amazon Market Neutral Fund and Zambezi Absolute Return Fund (the Funds ), discloses the following information on behalf of the Funds.

Identity of the taker:	Amazon Market Neutral Fund	Zambezi Absolute Return Fund
Relevant security:	Ordinary shares in BASE RESOURCES LIMITED
Price (including reference price, strike price, option price etc as appropriate):	Not applicable
Entry date and number of securities to which the derivative relates:	Total number of securities to which derivatives relate as at 04-0ct-2021:4,365,556 (0.37%)	Total number of securities to which derivatives relate as at 04-0ct-2021:69,640,271 (5.91%)
Type of derivative (e.g. contract for difference, cash settled put or call option):	Equity swap
Any material changes to information previously disclosed:	No information previously disclosed	No information previously disclosed
Relevant interests in securities:	None
Long equity derivative positions and relevant interests held by the taker and its associates:	The Funds have no other associates with a long equity derivative position or relevant interest in the company
Short equity derivative positions that offset physical positions:	None
Short positions of more than 1% that have been acquired after a long position is disclosed, whether by notice or substantial holding notice:	None

Yours sincerely

Greg Laughlin
Chief Executive Officer
Regal Funds Management Asia Pte Limited

ENDS.

For further information contact:

James Fuller, Manager Communications and Investor Relations	UK Media Relations
Base Resources	Tavistock Communications
Tel: [phone]	Jos Simson and Gareth Tredway
Mobile: [phone]	Tel: [phone]
Email: [e-mail]

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

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