Base Resources Limited Disclosure under Guidance Note 20

 
TIDMBSE 
 
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 Zambezi Absolute 
                            Fund                  Return Fund 
 
Relevant security:          Ordinary shares in BASE RESOURCES LIMITED 
 
Price (including reference  Not applicable 
price, strike price, option 
price etc as appropriate): 
 
                            Total number of       Total number of 
Entry date and number of    securities to which   securities to which 
securities to which the     derivatives relate as derivatives relate as 
derivative relates:         at 04-0ct-2021:       at 04-0ct-2021: 
                            4,365,556 (0.37%)     69,640,271 (5.91%) 
 
Type of derivative (e.g.    Equity swap 
contract for difference, 
cash settled put or call 
option): 
 
Any material changes to     No information        No information 
information previously      previously disclosed  previously disclosed 
disclosed: 
 
Relevant interests in       None 
securities: 
 
Long equity derivative      The Funds have no other associates with a 
positions and relevant      long equity derivative position or relevant 
interests held by the taker interest in the company 
and its associates: 
 
Short equity derivative 
positions that offset       None 
physical positions: 
 
 
Short positions of more 
than 1% that have been      None 
acquired after a long 
position is disclosed, 
whether by notice or 
substantial holding notice: 
 
Yours sincerely 
 
Greg Laughlin 
Chief Executive Officer 
Regal Funds Management Asia Pte Limited 
 
ENDS. 
 
For further information contact: 
 
James Fuller, Manager Communications and Investor  UK Media Relations 
Relations 
 
Base Resources                                     Tavistock Communications 
 
Tel: +61 (8) 9413 7426                             Jos Simson and Gareth Tredway 
 
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 3, 46 Colin Street 
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 
Stephen Allen 
Phone: +61 (0)8 9480 2500 
 
JOINT BROKER 
Berenberg 
Matthew Armitt / Detlir Elezi 
Phone: +44 20 3207 7800 
 
JOINT BROKER 
Canaccord Genuity 
Raj Khatri / James Asensio / Patrick Dolaghan 
Phone: +44 20 7523 8000 
 
 
 
 
END
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