Base Resources (ASX: BSE) will begin trading on the AIM Market of the London Stock Exchange at 8am (GMT).
The company’s listing on AIM is part of a strategy to expand its international profile and capitalise on substantial UK and European investor interest in the company and its Kwale Mineral Sands Project.
Base will trade under the ticker BSE.
AIM is recognised as one of the world’s leading exchanges for junior resource companies, with a significant peer group, analyst coverage and institutional investor following of companies active in Africa.
RFC Ambrian is acting as the company’s nominated adviser and broker in relation to the AIM Admission.
The international resource sector finance house is a leading nominated adviser for resource clients on AIM, including many dual ASX/AIM listed companies.
Base’s ordinary shares will continue to be listed and trade on the ASX.
The company has made substantial progress on its Kwale Mineral Sands Project having achieved financial close on the US$170 million project debt facilities in November.
This is a critical milestone in the development of the Project as the company now has access to the full funding required to complete the development of the project – and bring it to positive cashflow.
Project construction continues to be on schedule for practical completion in the September quarter of 2013, with the first shipment in the December quarter 2013.
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