REG-Base Resources Limited: Scheme Booklet for combination with Energy Fuels registered with ASIC

Base ResourcesAnnouncement

02/08/2024 06:15

 

 

 

AIM and Media Release 

2 August 2024

 

Base Resources Limited 
Scheme Booklet for combination with Energy Fuels registered with ASIC

 

Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that the
Scheme Booklet containing key information in relation to the proposed
combination with Energy Fuels Inc., to be effected by way of scheme of
arrangement (Scheme), has today been registered with the Australian Securities
and Investments Commission.

 

A copy of the Scheme Booklet, including the Independent Expert’s Report,
Notice of Scheme Meeting and sample proxy form for the Scheme Meeting is
attached to this announcement and will be made available for viewing and
downloading on Base Resources’ website at:  baseresources.com.au.  As
noted in Base Resources’ announcement on 1 August 2024, Base Resources
depositary interest (DI) holders will be sent a Form of Instruction for the
Scheme Meeting.

 

Independent Expert’s Report

 

The Independent Expert, PwC, has concluded in the Independent Expert’s
Report that the Scheme is fair and reasonable and, therefore, is in the best
interests of Base Resources shareholders, in the absence of a superior
proposal.  The Independent Expert’s conclusion should be read in context
with the full Independent Expert’s Report, which can be found in Annexure 3
of the Scheme Booklet.

 

Recommendation of Base Resources Directors

 

The Base Resources Directors continue to unanimously recommend that Base
Resources shareholders vote in favour of the Scheme, in the absence of a
superior proposal and subject to the Independent Expert continuing to conclude
that the Scheme is in the best interests of Base Resources shareholders. 
Subject to those same conditions, each Base Resources Director intends to vote
all their Base Resources shares in favour of the Scheme.

 

Scheme Meeting

 

The Scheme Meeting will be held at 11.00am (Perth time) on 5 September 2024 at
the Gallery Suite at the InterContinental Perth City Centre, Level 1, 815 Hay
Street, Perth, Western Australia and virtually via the Lumi platform,
accessible using the URL https://web.lumiconnect.com/388093896. 

 

Base Resources shareholders registered on the Base Resources share register at
5:00pm (Perth time) on 3 September 2024 will be entitled to vote on the
Scheme.  Base Resources DI holders registered on the Base Resources DI
register at 6.00pm (London time) on 29 August 2024 will also be entitled to
vote on the Scheme (by providing voting instruction in advance to the
depositary, rather than in person or online at the Scheme Meeting).

 

All Base Resources shareholders and DI holders are encouraged to on the
Scheme.

 

Scheme information line

 

If you have any questions in relation to the Scheme or the Scheme Booklet,
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

 Base Resources Limited Scheme Booklet Final (https://mb.cision.com/Public/22548/4020726/ad2413f94fc6cfc4.pdf)  



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