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RENT.COM.AU LIMITED — Capital/Financing Update 2014
Feb 6, 2014
65722_rns_2014-02-06_cfe6a9ab-6651-4172-86e2-b91a2d1b6fbd.pdf
Capital/Financing Update
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ASX RELEASE 7 FEBRUARY 2014
Settlement of Agreement with Metals of Africa Limited
The Board of Select Exploration Limited (ASX: SLT) (“ Select ” or the “ Company ”) advises shareholders that it has settled an agreement with Metals of Africa Limited (ASX: MTA), previously announced to the ASX on 21 January 2014, in respect of the divestment of a portfolio of non-core assets in Tanzania. Select is to receive 5,000,000 consideration shares in MTA, subject to a 12 month voluntary escrow period, in consideration for this transaction.
The Company advises that MTA retains an option (that expires on 28 February 2014) to commit to a Joint Venture with SLT, in relation to three mineral exploration projects identified by the Company in Gabon. Please refer to the ASX announcement on 21 January 2014 for further information in this regard.
For further information contact:
Phil Warren Company Secretary 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