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BASE RESOURCES LIMITED - Change of Interest of Director

·2-min read

AIM and Media Release

22 September 2020

BASE RESOURCES LIMITED
Change of Interest of Director

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base Resources) advises that Executive Director – Operations & Development, Mr Colin Bwye, sold 600,000 Base Resources ordinary shares at a weighted average price of A$0.2974 per share on 17 September 2020.

The proceeds of the sale will principally be used to fund Mr Bwye’s Australian income tax liability arising from the exercise of his 2016 cycle vested performance rights issued under the Base Resources Long Term Incentive Plan (LTIP), as previously announced on 27 August 2020.

Following the sale of these shares, Mr Bwye holds 7,199,238 fully paid ordinary shares (directly and indirectly) and 7,832,535 unvested performance rights issued pursuant to the LTIP, which remain subject to vesting conditions.

ENDS.

For further information contact:

James Fuller, Manager Communications and Investor Relations

UK Media Relations

Base Resources

Tavistock Communications

Tel: +61 (8) 9413 7426

Jos Simson and Barnaby Hayward

Mobile: +61 (0) 488 093 763

Tel: +44 (0) 207 920 3150

Email: jfuller@baseresources.com.au

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 1, 50 Kings Park Road
West Perth, Western Australia, 6005
Email: info@baseresources.com.au
Phone: +61 (0)8 9413 7400
Fax: +61 (0)8 9322 8912

NOMINATED ADVISOR
RFC Ambrian Limited

Stephen Allen
Phone: +61 (0)8 9480 2500

BROKER
Berenberg

Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800