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RENT.COM.AU LIMITED — Capital/Financing Update 2014
Mar 31, 2014
65722_rns_2014-03-31_13a08b1f-7045-4642-b2f4-a5d282e5845f.pdf
Capital/Financing Update
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31 March 2014
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ASX Announcement
Successful Completion of Gabon Transaction with Metals of Africa
The Board of Select Exploration Limited (ASX: SLT) (“ Select ” or the “ Company ”) advises shareholders that the Gabon Transaction contemplated under the Heads of Agreement signed with Metals of Africa Limited (ASX: MTA) and previously announced to the ASX on 21 January 2014, has been renegotiated and successfully completed today 31 March 2014.
Under the terms of the revised Agreement, SLT will receive 5,000,000 unlisted options ($0.093, 31 March 2017) in MTA as consideration for the Gabon Projects. SLT will no longer retain a joint venture working interest in the Gabon Projects with MTA.
Select will retain upside exposure to exploration success on the Gabon Projects through the 5 million Options and also through the 5 million MTA shares the Company currently holds.
For further information please contact:
Mr Ian Macliver Mr Phil Warren Non‐executive Chairman Company Secretary Select Exploration Limited Select Exploration Limited T: +61 8 9322 7600 T: +61 8 9322 7600 E: [email protected] E: [email protected]
ABN: 25 062 063 692 945 Wellington Street WEST PERTH WA 6005 T: +61 8 9322 7600 F: +61 8 9322 7602 www.selectex.com.au