August 19, 2019 - 2:00 AM EDT
BASE RESOURCES LIMITED - Notice of Substantial Shareholder

BASE RESOURCES LIMITED - Notice of Substantial Shareholder

AIM and Media Release 

19 August 2019

BASE RESOURCES LIMITED
Notice of Substantial Shareholder

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that it has today received the following notification.  

Pacific Road Capital II Pty Limited has notified the company that it and its related entities (Pacific Road Capital) have increased their relevant interest in Base Resources by 35,160,020 shares to 310,813,913 ordinary shares, representing 26.6% of the total Base Resources ordinary shares on issue, constituting a substantial shareholding for the purposes of the AIM Rules for Companies.

Pacific Road Capital’s interest in 310,813,913 Base Resources ordinary shares is held as follows: 

Holder of relevant interest Nature of relevant interest Class and number of securities
Pacific Road Capital II Pty Limited Registered holder of shares 38,164,325
Pacific Road Capital Management GP II Limited Registered holder of shares 272,649,588

The above increase results from the acquisition of 35,160,020 ordinary shares at an average of A$0.259 per share between 29 January 2019 and 16 August 2019.

A PDF version of the notice referred to in this release is available from the company’s website:  www.baseresources.com.au.

ENDS.

For further information contact:

James Fuller, Manager Communications and Investor Relations UK Media Relations
Base Resources Tavistock Communications
Tel: +61 (8) 9413 7426 Jos Simson and Barnaby Hayward
Mobile: +61 (0) 488 093 763 Tel: +44 (0) 207 920 3150
Email: jfuller@baseresources.com.au 

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

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

NOMINATED ADVISOR
RFC Ambrian Limited

Andrew Thomson / Stephen Allen
Phone: +61 (0)8 9480 2500

JOINT BROKER
Berenberg

Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800

JOINT BROKER
Numis Securities Limited

John Prior / James Black / Paul Gillam
Phone: +44 20 7260 1000
 


Source: PR Newswire (August 19, 2019 - 2:00 AM EDT)