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RENT.COM.AU LIMITED Interim / Quarterly Report 2012

Oct 30, 2012

65722_rns_2012-10-30_bf1a47fd-5162-42f1-839f-dd51467d3607.pdf

Interim / Quarterly Report

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ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 31 OCTOBER 2012

SEPTEMBER 2012 QUARTERLY REPORT

The Directors of Select Exploration Limited (“Select” or “Company”) presents its quarterly report for the period ended 30 September 2012. During the quarter the Company continued to progress the acquisition of exploration tenements in Tanzania including:

  • Lodgement of a Prospectus on 11 September 2012 to raise $3.5 million (with over subscriptions to raise up to $4 million) including a priority placement for existing shareholders. Subsequent to the end of the quarter, the Company closed the offer oversubscribed raising a total of $4 million.

  • Shares and unlisted Attaching Options have now been allotted to investors and trading in the listed securities on the ASX will re-commence on Thursday 1[st] November 2012.

  • Subsequent to the end of the quarter, the Company completed the acquisition of the exploration tenements covering four prospective and potentially large scale coal and uranium projects in Tanzania. The tenements acquired by the Company cover approximately 3,700km[2] across four sedimentary basins, all with a history of coal and/or uranium occurrences.

  • Following completion of the acquisition and re-admittance to the ASX, Mr Shane Cranswick, an accomplished mining executive with over 10 years’ experience in senior management roles in resources companies both in Australia and overseas with a focus on coal, uranium and iron ore, will commence as Managing Director of the Company effective 1 November 2012.

  • The Company’s exploration team continued its activities on the ground at the Company’s Ruhuhu Project. Further updates will be provided as appropriate.

  • An Appendix 4C for the period ending 30 September 2012 (pre change of activities to an exploration company) is attached.

For further information contact:

Shane Cranswick Managing Director Elect 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

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Name of entity

Select Exploration Limited

ABN 25 062 063 692

Quarter ended (“current quarter”) 30 September 2012

Consolidated statement of cash flows

Cash flows related to operating activities
1.1
Receipts from customers
1.2
Payments for (a) staff costs
(b) advertising and marketing
(c) research and development
(d) leased assets
(e) administration and corporate
1.3
Dividends received
1.4
Interest and other items of a similar nature
received
1.5
Interest and other costs of finance paid
1.6
Income taxes paid
1.7
Other income
Net operating cash flows
Current quarter
$A’000
Year to date
$A’000
-
(27)
-
-
-
(239)
-
1
-
-
16
-
(128)
-
-
-
(670)
-
9
-
-
19
(249) (770)

Appendix 4C Page 1

Appendix 4C Quarterly report for entities admitted on the basis of commitments

1.8
Net operating cash flows (carried forward)
Current quarter
$A’000
(249)
Year to date
$A’000
(770)
Cash flows related to investing activities
1.9
Payment for acquisition of:
(a) businesses (item 5)
(b) equity investments
(c) intellectual property
(d) physical non-current assets
(e) other non-current assets
1.10
Proceeds from disposal of:
(a) businesses (item 5)
(b) equity investments
(c) intellectual property
(d) physical non-current assets
(e) other non-current assets
1.11
Loans to other entities
1.12
Loans repayments made
1.13
Other (Other Income)
Net investing cash flows
1.14
Total operating and investing cash flows
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- -
(249) (770)
Cash flows related to financing activities
1.15
Proceeds from issue of shares
1.16
Proceeds from sale of forfeited shares
1.17
Proceeds from exercise of options
1.18
Repayment of borrowings
1.19
Dividends paid
1.20
Other cost of issue
Net financing cash flows
-
-
225
-
-
-
-
-
226
-
-
-
225 226
Net increase (decrease) in cash held
1.21
Cash at beginning of quarter/year to date
1.22
Exchange rate adjustments to item 1.20
1.23
Cash at end ofquarter
(24)
256
-
(544)
776
-
232 232

Appendix 4C Page 2

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

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Current quarter
$A'000
1.24 Aggregate amount of payments to the parties included in item 1.2 (42)
1.25 Aggregate amount of loans to the parties included in item 1.11 -
1.26 Explanation necessary for an understanding of the transactions:
Company secretarial services to Grange Consulting of which Ian Macliver is a director and
shareholder - $15,750
Directors Fees - $26,667
----- End of picture text -----

Non-cash financing and investing activities

  • 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows Nil

  • 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest n/a

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1
Loan facilities
3.2
Credit standby arrangements
Amount available
$A’000
Amount used
$A’000
- -
- -

Appendix 4C Page 3

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as
shown in the consolidated statement of cash flows) to
the related items in the accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
4.1
Cash on hand and at bank
4.2
Deposits at call
4.3
Bank overdraft
4.4
Other
232 255
- -
- -
Total: cash at end of quarter(item 1.23) 232 255

Acquisitions and disposals of business entities

5.1
Name of entity
5.2
Place of incorporation
or registration
5.3
Consideration for
acquisition or disposal
5.4
Total net assets
5.5
Nature of business
Acquisitions
(Item 1.9(a))
Disposals
(Item 1.10(a))
- -
- -
- -
- -

Compliance statement

  • 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

  • 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

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Print name: Philip Warren – Company Secretary Date: 31 October 2012

Appendix 4C Page 4

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Notes

  1. The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

  2. The definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

  3. 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss

  4. 9.2 - itemised disclosure relating to acquisitions

  5. 9.4 - itemised disclosure relating to disposals  12.1(a) - policy for classification of cash items  12.3 - disclosure of restrictions on use of cash  13.1 - comparative information

  6. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

Appendix 4C Page 5