AIM and Media Release
23 October 2018
BASE RESOURCES LIMITED
Notice of ceasing to be a Significant Shareholder
Base Resources Limited (ASX & AIM: BSE) (Base
Resources) advises that it has today received the following
notification.
Credit Suisse Holdings (Australia) Limited on behalf of Credit Suisse
Group AG and its affiliates (Credit Suisse) has notified the
company that it has reduced its interest in Base Resources ordinary
shares by a net 30,198,021 shares through the sale of 15,000,000
shares at A$0.24 per share, the
return of 19,600,000 shares and the further borrowing of 4,401,979
shares each under the Master Prime Brokerage Agreement. These
transactions occurred on 17 October 2018.
Following the reduction in Credit Suisse’s interest referred to
above, the company understands Credit Suisse has an interest in
29,620,981 ordinary shares representing 2.54% of total Base
Resources ordinary shares on issue.
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