By Adriano Marchese

Base Resources Ltd. said Wednesday that a prominent shareholder reduced its holding in the company.

The Australia-based mineral-sands producer said the Bank of America Corporation reduced its voting power in the company by 38 million ordinary shares. As of March 2, Bank of America had a relevant interest in 52.8 million shares, representing 4.51% of Base Resources' total share issue.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 04, 2020 05:23 ET (10:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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