Dec 19 (Reuters) - Base Resources Ltd BSE.AX :
* WILL ACQUIRE AN INITIAL 85 PERCENT INTEREST IN WHOLLY OWNED MAURITIAN SUBSIDIARIES OF WORLD TITANE
* SAYS A$100 MILLION TO BE RAISED TO FUND INITIAL US$75 MILLION CONSIDERATION
* COMBINED SHARE PLACEMENT & 1 FOR 3 ACCELERATED PRO RATA RENOUNCEABLE ENTITLEMENTS OFFER AT A$0.255 PER SHARE TO RAISE A$100 MILLION