Notice of Initial Substantial Holder
AIM and Media Release
23 December 2014
BASE RESOURCES LIMITED
NOTICE OF INITIAL SUBSTANTIAL HOLDER
Base Resources Limited (ASX:BSE AIM:BSE) ("Base" or the "Company") announces
that further to the off-market takeover bid ("Takeover Bid") by Base for World
Titanium Resources Limited ABN 21 120 723 426 ("World Titanium") as announced
today, Base has released a Notice of Initial Substantial Holder to the ASX in
regard to the Company's current relevant interest in World Titanium.
The notification states that Base and its subsidiaries currently hold a
relevant interest in 28,232,234 shares in World Titanium representing 7.80%.
The details of the relevant interests are as follows:
Holder of Nature of relevant Class and Date of Consideration
relevant interest number of acquisition
interest securities
Base Resources Controls the 200,000 fully 25 August 2014 Cash - $0.035
Limited exercise of power to paid ordinary per fully
dispose of the shares paid ordinary
shares and controls share
the exercise of the
right to vote
attaching to the
shares
Base Resources Relevant interest 28,032,234 21 December Non-cash
Limited under section 608(1) fully paid 2014 consideration
of the Corporations ordinary - 5,606,447
Act 2001 (Cth) by shares fully paid
reason of the ordinary
Pre-Bid Acceptance shares in
Agreement dated 21 Base
December 2014 Resources
between Base Limited as
Resources Limited specified in
and JP Morgan Asset the Pre-Bid
Management (UK) Acceptance
Limited (JP Morgan) Agreement
whereby JP Morgan
agrees to accept
28,032,234 fully
paid ordinary shares
in World Titanium
Resources Limited
under Base Resources
Limited's takeover
offer, in accordance
with the terms of
the Pre-Bid
Acceptance Agreement
A full PDF version of the notice is available from www.asx.com.au and the
Company's website: www.baseresources.com.au.
ENDS
For further enquiries contact:
Base Resources Limited
Tim Carstens
Managing Director
Email: tcarstens@baseresources.com.au
Phone: +61 (0)8 9413 7400
RFC Ambrian Limited (Nominated Adviser and Broker)
As Nominated Adviser As Broker
Andrew Thomson or Trinity McIntyre Jonathan Williams
Phone: +61 (0)8 9480 2500 Phone: +44 20 3440 6800
Africapractice (East Africa) (Kenyan Media Relations)
David Maingi/ James Njuguna/Joan Kimani
Phone: +254 (0)20 239 6899
Email: jkimani@africapractice.com
Tavistock Communications (UK Media Relations)
Jos Simson / Emily Fenton / Nuala Gallagher
Phone: +44 (0) 207 920 3150
Cannings Purple (Australian Media Relations)
Annette Ellis / Warrick Hazeldine
Email: aellis@canningspurple.com.au
whazeldine@canningspurple.com.au
Phone: +61 (0)8 6314 6300
Corporate Details:
Board of Directors:
Andrew King 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
Winton Willesee Company Secretary
Principal & Registered Office: Contacts:
Level 1 Email: info@baseresources.com.au
50 Kings Park Road Phone: +61 (0)8 9413 7400
West Perth Fax: +61 (0)8 9322 8912
WA 6005
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