AIM
and Media Release
2 October 2024
Implementation
of Scheme
Base
Resources Limited (ASX &
AIM: BSE) (Base
Resources) is
pleased to advise that the scheme of arrangement under which EFR
Australia Pty Ltd (a wholly owned subsidiary of Energy Fuels Inc.
(Energy
Fuels))
acquired all of the issued shares in Base Resources has today been
implemented.
Special
Dividend
The
Special Dividend of AUD 6.5 cents for
each Base Resources share was paid yesterday (1 October 2024).
Scheme
Consideration
Base
Resources shareholders and Base Resources DI Holders (who are not
Ineligible Foreign Shareholders or Electing Small Shareholders)
have today received the Scheme Consideration of 0.0260 Energy Fuels
shares for each Base Resources share held on the Scheme Record Date
(being 6.00pm (London time) on Friday, 20 September 2024 for Base Resources DI
Holders).
As soon as
reasonably practicable, Energy Fuels will cause a DRS Advice to be
sent to each Base Resources shareholder and Base Resources DI
Holder (who is not an Ineligible Foreign Shareholder or an Electing
Small Shareholder) in respect of the Energy Fuels shares
representing their Scheme Consideration, which will be sent to
their registered address as shown in the Base Resources Share
Register or Base Resources DI Register (as applicable) as at the
Scheme Record Date. Energy Fuels expects it will take between 11-20
Business Days for the DRS Advices to be received by
post.
Ineligible
Foreign Shareholders or Electing Small Shareholders will not
receive Energy Fuels shares. Instead,
those holders will receive their pro-rata proportion of the net
cash proceeds of the sale of the applicable Energy Fuels shares by
the sale agent. Further
details are set out in Section 10.6 of the Scheme
Booklet.
Cancellation
of admission to trading
As
previously announced, trading in Base Resources DIs on AIM was
suspended at the commencement of trading on 13 September 2024. Following
an application to the London Stock Exchange by Base Resources,
admission to trading of Base Resources DIs on AIM will be cancelled
with effect from 7.00am on Thursday,
3 October 2024.
Scheme
information line
If Base
Resources shareholders or Base Resources DI Holders have any
questions in relation to the Scheme, 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