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RENT.COM.AU LIMITED Capital/Financing Update 2014

Feb 6, 2014

65722_rns_2014-02-06_c0a1086a-df7d-49a5-82b8-73b67d2c1d72.pdf

Capital/Financing Update

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ASX Announcement Metals of Africa Ltd

Metals of Africa Expands African Footprint

Company completes acquisition of five

Copper-Gold Projects in Tanzania

7 February 2014

Contact Details

Ms Cherie Leeden Executive Director [email protected]

James Moses Media and Investor Relations Mandate Corporate T: +61 420 991 574 [email protected]

Capital Structure

Shares on Issue: 76,040,001 Shares Trading: 48,535,647

Listed Options: 53,280,001 ($0.15, 07/01/2017)

Unlisted Options: 5M ($0.25; 30/6/15) 5M ($0.40; 30/6/15) 4M ($0.25; 31/12/15) 2.35M ($0.15; 3/12/16) 600k ($0.168; 3/12/16)

Metals of Africa Limited (ASX: MTA) (the Company) is pleased to announce that it has completed the acquisition initially contemplated by the Heads of Agreement signed with Select Exploration Limited (ASX: SLT) and announced in detail to the ASX on 21 January 2014.

In summary, MTA has acquired 100% equity in five (5) copper-gold projects by issuing 5,000,000 fully paid ordinary MTA shares to SLT. These shares are subject to a voluntary escrow agreement, involving a restriction on trading for a period of 12 months from the date of issue of those shares.

The Company advises that it is continuing to explore its options in relation to the Option Agreement to establish a Joint Venture with SLT over a suite of exploration projects in Gabon, and expects to advise the ASX in relation to this in due course.

Please refer to the announcements made to the ASX on 21 January and 3 February 2014 for further information in relation to both the five (5) projects acquired and the potential Gabon JV.

An Appendix 3B in enclosed in relation to the issue of the securities.

-ENDS-

MTA Board

Gilbert George Non Exec Chairman

Cherie Leeden Executive Director

Brett Smith Non Exec Director

Steven Wood Company Secretary

ASX Code : MTA

www.metalsofafrica.com.au

AUSTRALIA

945 Wellington Street, West Perth, Western Australia 6005 T +61 8 9322 7600 F +61 8 9322 7602 E [email protected]

MOZAMBIQUE

Edificio Solar das Acacias Av. Julius Nyrere, 4000 Lojas 05 e 06 Maputo

www.metalsofafrica.com.au

ABN 75 152 071 095

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Metals of Africa Limited

ABN

75 152 071 095

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to Fully paid ordinary shares be issued 2 Number of[+] securities issued or 5,000,000 to be issued (if known) or (note: these shares are subject to 12 months maximum number which may voluntary escrow until 7 February 2015) be issued 3 Principal terms of the Fully paid ordinary shares (subject to 12 +securities (e.g. if options, months voluntary escrow until 7 February exercise price and expiry date; if 2015) partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

  • See chapter 19 for defined terms.

Appendix 3B Page 1

04/03/2013

Appendix 3B New issue announcement

4
Do the+securities rank equally
in all respects from the+issue
date with an existing+class of
quoted+securities?
If the additional+securities do
not rank equally, please state:
 the date from which they do
 the extent to which they
participate
for
the
next
dividend, (in the case of a
trust,
distribution)
or
interest payment
 the extent to which they do
not rank equally, other than
in
relation
to
the
next
dividend,
distribution
or
interest payment
5
Issue price or consideration
6
Purpose of the issue
(If issued as consideration for
the acquisition of assets, clearly
identify those assets)
6a
Is the entity an+eligible entity
that
has
obtained
security
holder approval under rule 7.1A?
If Yes, complete sections 6b – 6h
in relation to the+securities the
subject of this Appendix 3B, and
comply with section 6i
6b
The date the security holder
resolution under rule 7.1A was
passed
Yes, fully paid ordinary shares
The fully paid ordinary shares have been
issued as consideration for Metals of
Africa’s acquisition of five Tanzanian
copper gold projects from Select
Exploration Limited. As such, no funds
will be raised from the issue.
As per section 5 above, the fully paid
ordinary shares have been issued as
consideration
for
Metals
of
Africa’s
acquisition of five Tanzanian copper gold
projects from Select Exploration Limited.
Please refer to ASX announcement on 21
January 2014 for further information on
the assets acquired.
Yes
23 May 2013
  • See chapter 19 for defined terms.

Appendix 3B Page 2

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Appendix 3B New issue announcement

6c
Number of+securities issued
without
security
holder
approval under rule 7.1
6d
Number of+securities issued
with security holder approval
under rule 7.1A
6e
Number of+securities issued
with security holder approval
under rule 7.3, or another
specific security holder approval
(specify date of meeting)
6f
Number of+securities issued
under an exception in rule 7.2
6g
If+securities issued under rule
7.1A, was issue price at least 75%
of 15 day VWAP as calculated
under rule 7.1A.3? Include the
+issue date and both values.
Include the source of the VWAP
calculation.
6h
If+securities were issued under
rule
7.1A
for
non‐cash
consideration, state date on
which
valuation
of
consideration was released to
ASX Market Announcements
6i
Calculate the entity’s remaining
issue capacity under rule 7.1 and
rule 7.1A – complete Annexure 1
and release to ASX Market
Announcements
7
+Issue dates
Note: The issue date may be prescribed by
ASX (refer to the definition of issue date in
rule 19.12). For example, the issue date for a
pro rata entitlement issue must comply with
the applicable timetable in Appendix 7A.
Cross reference: item 33 of Appendix 3B.
5,000,000
7 February 2014
  • See chapter 19 for defined terms.

Appendix 3B Page 3

04/03/2013

Appendix 3B New issue announcement

8
Number
and
+class
of
all
+securities
quoted
on
ASX
(_including_the
+securities in
section 2 if applicable)
Number +Class
53,535,647
53,280,001
Note that 5,000,000
of
these
ordinary
fully paid shares are
subject to 12 months
voluntary
escrow
until7Feb 2015
Ordinary fully paid
Shares
Quoted
options
($0.15, 7 Jan 2017)
  • See chapter 19 for defined terms.

Appendix 3B Page 4

04/03/2013

Appendix 3B New issue announcement

9
Number
and
+class
of
all
+securities not quoted on ASX
(_including_the
+securities in
section 2 if applicable)
10
Dividend policy (in the case of a
trust, distribution policy) on the
increased capital (interests)
Number +Class
10,343,200
3,000,000
1,741,539
1,741,539
3,258,461
3,258,461
1,000,000
12,161,154
2,350,000
600,000
Ordinary
fully
paid
shares
escrowed
24
months until 12.10.2014
Unquoted
options
($0.25, 31 Dec 2015)
escrowed 24 months
until 12.10.14
Unquoted
options
($0.25, 30 June 2015)
escrowed 24 months
until 12.10.14
Unquoted
options
($0.40, 30 June 2015)
escrowed 24 months
until 12.10.14
Unquoted
options
($0.25, 30 June 2015)
Unquoted
options
($0.40, 30 June 2015)
Unquoted
options
($0.25, 31 Dec 2015)
subject
to
vesting
conditions
Ordinary
fully
paid
shares
escrowed
12
months until 23.7.14
Unquoted
options
($0.15, 3 Dec 2016)
Unquoted
options
($0.168, 2 Dec 2016)
N/a
  • See chapter 19 for defined terms.

Appendix 3B Page 5

04/03/2013

Appendix 3B New issue announcement

Part 2 - Pro rata issue

art 2 - Pro rata issue
11
Is
security
holder
approval
required?
12
Is the issue renounceable or non‐
renounceable?
13
Ratio in which the+securities
will be offered
14
+Class of+securities to which the
offer relates
15
+Record
date
to
determine
entitlements
16
Will
holdings
on
different
registers (or subregisters) be
aggregated
for
calculating
entitlements?
17
Policy for deciding entitlements
in relation to fractions
18
Names of countries in which the
entity has security holders who
will not be sent new offer
documents
Note: Security holders must be told how their
entitlements are to be dealt with.
Cross reference: rule 7.7.
19
Closing
date
for
receipt
of
acceptances or renunciations
N/a
N/a
N/a
N/a
N/a
N/a
N/a
N/a
N/a
  • See chapter 19 for defined terms.

Appendix 3B Page 6

04/03/2013

Appendix 3B New issue announcement

20
Names of any underwriters
21
Amount of any underwriting fee
or commission
22
Names of any brokers to the
issue
23
Fee or commission payable to
the broker to the issue
24
Amount of any handling fee
payable to brokers who lodge
acceptances or renunciations on
behalf of security holders
25
If the issue is contingent on
security holders’ approval, the
date of the meeting
26
Date entitlement and acceptance
form and offer documents will be
sent to persons entitled
27
If the entity has issued options,
and the terms entitle option
holders
to
participate
on
exercise, the date on which
notices will be sent to option
holders
28
Date rights trading will begin (if
applicable)
29
Date rights trading will end (if
applicable)
30
How do security holders sell
their entitlements_in full_through
a broker?
31
How do security holders sell_part_
of their entitlements through a
broker
and
accept
for
the
balance?
N/a
N/a
n/a
n/a
n/a
n/a
N/a
N/a
n/a
n/a
n/a
n/a
  • See chapter 19 for defined terms.

Appendix 3B Page 7

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Appendix 3B New issue announcement

  • 32 How do security holders dispose of their entitlements (except by sale through a broker)?

n/a

  • 33 +Issue date

N/a

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

  • 34 Type of[+] securities ( tick one )

  • (a) +Securities described in Part 1

  • (b) All other[+] securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 ‐ 1,000 1,001 ‐ 5,000 5,001 ‐ 10,000 10,001 ‐ 100,000 100,001 and over

  • 37 A copy of any trust deed for the additional[+] securities
  • See chapter 19 for defined terms.

Appendix 3B Page 8

04/03/2013

Appendix 3B New issue announcement

Entities that have ticked box 34(b)

38 Number of[+] securities for which n/a +quotation is sought 39 +Class of +securities for which n/a quotation is sought 40 Do the[+] securities rank equally in n/a all respects from the[+] issue date with an existing[+] class of quoted +securities? If the additional[+] securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation n/a now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another[+] security, clearly identify that other[+] security) Number +Class 42 Number and +class of all +securities quoted on ASX ( including the +securities in clause 38)

  • See chapter 19 for defined terms.

Appendix 3B Page 9

04/03/2013

Appendix 3B New issue announcement

Quotation agreement

  • 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

  • 2 We warrant the following to ASX.

  • The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

  • There is no reason why those[+] securities should not be granted +quotation.

  • An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

  • Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no‐one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

  • If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

  • 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

  • 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

7 February 2014

Sign here: ............................................................ Date: ......................... ~~(Director~~ /Company secretary) Steven Wood Print name: .........................................................

== == == == ==

  • See chapter 19 for defined terms.

Appendix 3B Page 10

04/03/2013

Appendix 3B New issue announcement

Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

Part 1 Part 1
Rule 7.1 – Issues exceeding 15% of capital
Step 1: Calculate “A”, the base figure from which the placement
capacity is calculated
Insertnumber of fully paid+ordinary
securities on issue 12 months before the
+issue date or date of agreement to issue
33,450,001
Addthe following:
• Number of fully paid+ordinary securities
issued in that 12 month period under an
exception in rule 7.2
• Number of fully paid+ordinary securities
issued in that 12 month period with
shareholder approval
• Number of partly paid+ordinary
securities that became fully paid in that
12 month period
Note:
• Include only ordinary securities here –
other classes of equity securities cannot
be added
• Include here (if applicable) the
securities the subject of the Appendix
3B to which this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
23/07/13 - 18,250,000 (Express Resources
Acquisition)
27/9/13 – 6,500,000 (placement ratified by
shareholders 3 Dec 13)
10/10/13 – 1,000,000 (placement ratified by
shareholders 3 Dec 13)
18/11/13 – 2,612,858 (Rights Issue)
29/11/13 – 8,777,142 (Rights Issue Shortfall,
LR 7.2 exception 2)
Subtractthe number of fully paid+ordinary
securities cancelled during that 12 month
period
nil
“A” 70,590,001
  • See chapter 19 for defined terms.

Appendix 3B Page 11

04/03/2013

Appendix 3B New issue announcement

Step 2: Calculate 15% of “A”

Appendix 3B
New issue announcement
Appendix 3B
New issue announcement
Step 2: Calculate 15% of “A”
“B” 0.15
[Note: this value cannot be changed]
Multiply“A” by 0.15 10,588,500
Step 3: Calculate “C”, the amount of placement capacity under rule
7.1 that has already been used
Insertnumber of+equity securities issued
or agreed to be issued in that 12 month
period_not counting_those issued:
• Under an exception in rule 7.2
• Under rule 7.1A
• With security holder approval under rule
7.1 or rule 7.4
Note:
• This applies to equity securities, unless
specifically excluded – not just ordinary
securities
• Include here (if applicable) the
securities the subject of the Appendix
3B to which this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
2/12/13 – 450,000 (Rights Issue Shortfall
Placement, no exception under LR)
7/2/14 – 5,000,000 – consideration shares to
SLT in relation to acquisition of 5 Tanzanian
copper-gold projects
“C” 5,450,000
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining
placement capacity under rule 7.1
“A” x 0.15
Note: number must be same as shown in
Step 2
10,588,500
Subtract“C”
Note: number must be same as shown in
Step 3
5,450,000
Total[“A” x 0.15] – “C” 5,138,500
[Note: this is the remaining placement
capacity under rule 7.1]
placement capacity under rule 7.1
“A” x 0.15 10,588,500
Note: number must be same as shown in
Step 2
Subtract“C” 5,450,000
Note: number must be same as shown in
Step 3
Total[“A” x 0.15] – “C” 5,138,500
[Note: this is the remaining placement
capacity under rule 7.1]
  • See chapter 19 for defined terms.

Appendix 3B Page 12

04/03/2013

Appendix 3B New issue announcement

Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A” 70,590,001 Note: number must be same as shown in Step 1 of Part 1 Step 2: Calculate 10% of “A” “D” 0.10 Note: this value cannot be changed Multiply “A” by 0.10 7,059,000 Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

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Insert number of [+] equity securities issued nil
or agreed to be issued in that 12 month
period under rule 7.1A
Notes:
• This applies to equity securities – not
just ordinary securities
• Include here – if applicable – the
securities the subject of the Appendix
3B to which this form is annexed
• Do not include equity securities issued
under rule 7.1 (they must be dealt with
in Part 1), or for which specific security
holder approval has been obtained
• It may be useful to set out issues of
securities on different dates as separate
line items
“E” nil
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  • See chapter 19 for defined terms.

Appendix 3B Page 13

04/03/2013

Appendix 3B New issue announcement

Appendix 3B
New issue announcement
Appendix 3B
New issue announcement
Step 4: Subtract “E” from [“A” x “D”] to calculate remaining
placement capacity under rule 7.1A
“A” x 0.10
Note: number must be same as shown in
Step 2
7,059,000
Subtract“E”
Note: number must be same as shown in
Step 3
0
Total[“A” x 0.10] – “E” 7,059,000
Note: this is the remaining placement
capacity under rule 7.1A
  • See chapter 19 for defined terms.

Appendix 3B Page 14

04/03/2013