News: BSE Base Resources Says Proposed Combination With Energy Fuels

April 22 (Reuters) - Base Resources Ltd (BSE) :

• 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