AIM
and Media Release
2 August 2024
Base
Resources Limited
Scheme
Booklet for combination with Energy Fuels registered with
ASIC
Base
Resources Limited (ASX &
AIM: BSE) (Base
Resources) advises
that the Scheme Booklet containing key information in relation to
the proposed combination with Energy Fuels Inc., to be effected by
way of scheme of arrangement (Scheme),
has today been registered with the Australian Securities and
Investments Commission.
A copy of
the Scheme Booklet, including the Independent Expert’s Report,
Notice of Scheme Meeting and sample proxy form for the Scheme
Meeting is attached
to this
announcement and will be made available for viewing and downloading
on Base Resources’ website at:
baseresources.com.au.
As noted
in Base Resources’ announcement on 1 August
2024, Base Resources depositary interest
(DI)
holders will be sent a Form of Instruction for the Scheme
Meeting.
Independent
Expert’s Report
The
Independent Expert, PwC, has concluded in the Independent Expert’s
Report that the Scheme is fair and reasonable and, therefore, is in
the best interests of Base Resources shareholders, in the absence
of a superior proposal.
The
Independent Expert’s conclusion should be read in context with the
full Independent Expert’s Report, which can be found in Annexure 3
of the Scheme Booklet.
Recommendation
of Base Resources Directors
The Base
Resources Directors continue to unanimously recommend that Base
Resources shareholders vote in favour of the Scheme, in the absence
of a superior proposal and subject to the Independent Expert
continuing to conclude that the Scheme is in the best interests of
Base Resources shareholders.
Subject to
those same conditions, each Base Resources Director intends to vote
all their Base Resources shares in favour of the Scheme.
Scheme
Meeting
The Scheme
Meeting will be held at 11.00am
(Perth time) on 5 September 2024 at the Gallery Suite at the
InterContinental Perth City Centre, Level 1, 815 Hay Street,
Perth, Western Australia and virtually via the Lumi
platform, accessible using the URL
https://web.lumiconnect.com/388093896.
Base
Resources shareholders registered on the Base Resources share
register at 5:00pm (Perth time) on 3
September 2024 will be entitled to vote on the
Scheme.
Base
Resources DI holders registered on the Base Resources DI register
at 6.00pm (London time) on 29
August 2024 will also be entitled to vote on the Scheme (by
providing voting instruction in advance to the depositary, rather
than in person or online at the Scheme Meeting).
All Base
Resources shareholders and DI holders are encouraged to on the
Scheme.
Scheme
information line
If you
have any questions in
relation to the Scheme or the Scheme Booklet, please
contact the Base Resources Scheme information line on 1300 271 804
(within Australia) and +61 3 9938
4380 (outside Australia)
between 8.30am and 5.00pm
(Melbourne time), Monday to
Friday, excluding public holidays.
ENDS.
For
further information contact:
|
Australian
Media Relations
|
UK Media
Relations
|
|
Sodali
& Co
|
Tavistock
Communications
|
|
Cameron
Gilenko and Michael Weir
|
Jos Simson
and Gareth Tredway
|
|
Tel: +61 8
6160 4900
|
Tel: +44
207 920 3150
|
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
8 9413 7400
Fax: +61 8
9322 8912
NOMINATED
ADVISER & JOINT BROKER
Canaccord
Genuity Limited
James Asensio / Raj Khatri / George
Grainger
Phone: +44
20 7523 8000
JOINT
BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44
20 3207 7800