REG-Base Resources Limited: Implementation of Scheme

Base ResourcesAnnouncement

02/10/2024 09:45

 

 

 

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



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