Source - SMW
Base Resources said it had completed its acquisition of Toliara sands project in Madagascar.

An initial payment of $75m has given Base Resources an 85% stake in the project. 

The company plans to acquire the remaining 15% interest for a further $17m, payable on the project reaching key development milestones.

At 1:54pm: (LON:BSE) Base Resources Limited share price was 0p at 15.75p