Brief: Base Resources Says Proposed Combination With Energy Fuels

Base Resources

22/04/2024 24:15

April 22 (Reuters) - Base Resources Ltd  BSE.AX :
    * PROPOSED COMBINATION WITH ENERGY FUELS
    * TO RECEIVE 0.0260 ENERGY FUELS COMMON SHARES PLUS AN
UNFRANKED
SPECIAL DIVIDEND OF A$0.065 FOR EACH BASE RESOURCES SHARE
    * BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR
OF
SCHEME
    * TRANSACTION CONSIDERATION IMPLIES AN OFFER PRICE OF
A$0.302 PER
SHARE
    * COMBINED GROUP WILL HAVE A PRO FORMA MARKET CAPITALISATION
OF
US$1,144 MILLION
    * CONSIDERATION IMPLIES TOTAL EQUITY VALUE FOR BASE
RESOURCES OF
A$375 MILLION
    * BASE RESOURCES SHAREHOLDERS WILL HOLD APPROXIMATELY 16.4%
OF
COMBINED GROUP

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