Base Resources raises A$89.3m

Base Resources has raised A$89.3m, gross, after completing the issue of shares under its institutional placement and entitlement offer announced on 19 Dec.

It said it had issued 143,092,216 new shares under the placement and 206,982,409 under the institutional entitlement offer.

The retail component of the pro rata entitlement offer, which opened on 28 Dec, is scheduled to close at 7.00pm (AEDT) on 17 Jan.

At 9:59am: (LON:BSE) Base Resources Limited share price was 0p at 16.25p