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RENT.COM.AU LIMITED — Capital/Financing Update 2013
Feb 21, 2013
65722_rns_2013-02-21_691b8c03-d5ef-43e2-92c5-ba33cf362733.pdf
Capital/Financing Update
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ASX RELEASE 22 FEBRUARY 2013
CLOSURE OF NON RENOUNCABLE PRO RATA OFFER OF LOYALTY OPTIONS
The Directors of Select Exploration Limited (“ Select ” or “ the Company ”) are pleased to announce that its pro-rata non-renounceable offer of 20,777,252 Loyalty Options made pursuant to the Prospectus lodged 21 January 2013 (“ the Prospectus ”) has now closed (effective 5.00pm WST 20 February 2013) with applications received for 13,209,394 Loyalty Options at a price of $0.001 each, raising $13,209.39 (before costs).
All shareholders registered at 5.00pm WST on 31 January 2013 were entitled to participate in the Loyalty Option Issue on a one-for-two basis (being, one (1) loyalty option for every two (2) shares held at that time). The price payable on application for each loyalty option was $0.001. Funds raised from the Loyalty Option Issue will be used to pay the costs of the Loyalty Option Issue.
The Loyalty Options issued under the Loyalty Option Issue have an exercise price of $0.35 each on or before the expiry date of 30 September 2015. For each Loyalty Option exercised prior to the expiry date the Company will grant one Secondary Option, which has an exercise price of $0.45 and an expiry date of 31 March 2017, pursuant to a disclosure document to be lodged with ASIC on or about 30 September 2015.
The Company advises that the shortfall of the Loyalty Option issue is 7,567,858. In accordance with section 1.12 of the Prospectus, the shortfall of 7,567,858 share options from the Loyalty Option Issue will now be offered to existing and new investors at the discretion of the Company (the “ Shortfall Offer ”). A further announcement will be made by the Company in relation to the Shortfall Offer in due course.
Application for official quotation of the Loyalty Options by the ASX will be made, and trading is expected to commence on or about 28 February 2013.
For further information contact:
Shane Cranswick Managing Director Tel: (+618) 9322 7600
ABN: 25 062 063 692 945 Wellington Street WEST PERTH WA 6005 T: +61 8 9322 7600 F: +61 8 9322 7602 www.selectexploration.com