ASX, AIM and Media Release 22 January 2018

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.

Attached is an updated ASX Appendix 3B, and Appendix 3Ys, reflecting the above information.

ENDS.

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CORPORATE PROFILE

Base Resources Limited ABN 88 125 546 910

DIRECTORS

Keith Spence

Non-Executive Chairman

Sam Willis

Tim Carstens

Managing Director

Michael Stirzaker

Colin Bwye

Executive Director

Malcolm Macpherson

COMPANY SECRETARY

Chadwick Poletti

Non-Executive Director Non-Executive Director Non-Executive Director

NOMINATED ADVISOR & BROKERS

Nominated Advisor:

RFC Ambrian Limited

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

Joint Brokers:

RFC Ambrian Limited Jonathan Williams Phone: +44 20 3440 6800 Numis Securities Limited

John Prior / James Black / Paul Gillam Phone: +44 (0)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 4000www.computershare.com.au

AIM

Computershare Investor Services PLC The Pavilions

Bridgwater Road BRISTOL BS99 6ZZ

Enquiries: +44 (0)870 702 0003www.computershare.co.uk

AUSTRALIA MEDIA RELATIONS

Cannings Purple

Andrew Rowell

Email:arowell@canningspurple.com.auPhone: +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 WA 6005

Email:info@baseresources.com.auPhone: +61 (0)8 9413 7400

Fax: +61 (0)8 9322 8912

Base Resources Limited published this content on 22 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 January 2018 03:29:04 UTC.

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