Shares Issued Under Retail Entitlement Offer

AIM and Media Release 

7 April 2016

BASE RESOURCES LIMITED
Shares Issued Under Retail Entitlement Offer

Base Resources Limited (ASX & AIM: BSE) ("Base Resources") is pleased to advise that it has completed the retail component of its accelerated renounceable pro rata entitlement offer announced on 29 February 2016 (“Entitlement Offer”).

Base Resources has today issued 30,809,856 new fully paid ordinary shares (“New Shares”) pursuant to the retail component of the Entitlement Offer (including the retail shortfall bookbuild), raising gross proceeds of approximately A$1.8 million.  These New Shares are to commence trading on ASX tomorrow.

The total number of Base Resources shares on issue following the issue of the New Shares referred to above is 732,231,956. 

Base Resources raised total gross proceeds of approximately A$10.1 million pursuant to the institutional and retail components of the Entitlement Offer.

A PDF version of this release, together with an updated ASX Appendix 3B reflecting the issue of the New Shares referred to above, are available from www.asx.com.au and on the company's website:  www.baseresources.com.au.

ENDS.

CORPORATE PROFILE

Directors
Keith Spence (Non-Executive Chairman)
Tim Carstens (Managing Director)
Colin Bwye (Executive Director)
Sam Willis (Non-Executive Director)
Michael Anderson (Non-Executive Director)
Michael Stirzaker (Non-Executive Director)
Malcolm Macpherson (Non-Executive Director)

Company Secretary
Chadwick Poletti

NOMINATED ADVISOR & BROKER
RFC Ambrian Limited
As Nominated Adviser:
Andrew Thomson / Stephen Allen
Phone: [phone]
As Broker:
Jonathan Williams
Phone: [phone]

SHARE REGISTRY:  ASX
Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
PERTH WA 6000
Enquiries: 1300 850 505 / [phone]
www.computershare.com.au

SHARE REGISTRY:  AIM
Computershare Investor Services PLC
The Pavilions
Bridgwater Road
BRISTOL BS99 6ZZ
Enquiries: [phone]
www.computershare.co.uk

AUSTRALIAN MEDIA RELATIONS
Cannings Purple
Warrick Hazeldine / Annette Ellis
Email:[e-mail] /
[e-mail]
Phone: [phone]

UK MEDIA RELATIONS
Tavistock Communications
Jos Simson / Emily Fenton
Phone: [phone]

KENYA MEDIA RELATIONS
Africapractice (East Africa)
Evelyn Njoroge / James Njuguna/Joan Kimani
Phone: [phone]
Email:[e-mail]

PRINCIPAL & REGISTERED OFFICE
Level 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email:  [e-mail]
Phone: [phone]
Fax: [phone]