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Update on Funding Negotiations
FIRESTONE ENERGY LIMITED
(Incorporated in Australia)
(Registration number ABN 058 436 794)
Share code on the JSE Limited: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
(SA company registration number 2008/023973/10) About Firestone Energy
("FSE" or "the Company")
Firestone Energy Limited is an
independent, Australian exploration and
development company listed on the
Australian Stock Exchange Ltd (ASX) and
the Johannesburg Stock Exchange (JSE).
Update on Funding Negotiations Firestone Energy has entered into a Joint
Venture with Sekoko Resources (Pty) Ltd
through which Firestone Energy has
acquired the right to 60% participation
interests in the Waterberg Coal Project
Firestone Energy Limited (ASX/JSE:FSE) (“Firestone” or the located in Lephalale area, Limpopo Province,
South Africa.
“Company”) previously advised shareholders that it had entered into
negotiations with third parties with a view to securing funding for the The first stage of the project is to develop the
Company. Smitspan mine which has a substantial
measured thermal coal resource and to
Negotiations are progressing but the Company is not in a position to develop the Vetleegte mine which is a
make an announcement on these negotiations at this point in time. The substantial metallurgical coal deposit.
Company expects that it will be able to make an announcement on the Firestone Energy is committed to becoming a
outcome of negotiations within the next 1- 2 weeks. profitable independent coal and energy
producer at its projects in South Africa,
thereby making a substantial contribution to
the social and economic development of the
Lephalale area and South Africa.
Corporate Details
ASX: FSE
JSE: FSE
Yours sincerely, Issued Capital:
3,549 million ordinary shares
Major Shareholders:
Sekoko Resources (Pty) Ltd
Linc Energy Ltd
David Knox BBY Nominees Pty Ltd
Bell Potter Nominees Ltd
Chief Executive Officer
www.firestoneenergy.com.au Directors and Officers
Tel: Australia (+61 08 9287 4600)
Non Executive Directors:
South Africa (+27 11 706 3548) Mr Tim Tebeila (Chairman)
2 May 2013
Johannesburg
Sponsor
River Group David Perkins (Deputy Chairman)
Dr Pius Kasolo
Ben Mphahlele
Kobus Terblanche
Oren Zohar
Jack James
Officers:
Mr David Knox CEO
Ms Amanda Matthee CFO
Mr Jerry Monzu Company Secretary
Contact:
Suite B9, 431 Roberts Road
Subiaco, Western Australia 6008
Tel: +61 (08) 9287 4600
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