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Expiry Of Options
FIRESTONE ENERGY LIMITED
(INCORPORATED IN AUSTRALIA)
REGISTRATION NUMBER: ABN 058 436 794
SHARE CODE JSE: FSE
SHARE CODE ASX: FSE
ISIN: AU000000FSE6
SA COMPANY REGISTRATION NUMBER 2008/023973/01
("FSE" OR "the Company") ABN 58 008 130 336
About Firestone Energy
Suite 605, Level 6
Firestone Energy Limited is an independent,
50 Clarence Street
Australian exploration and development
Sydney NSW, Stock
company listed on the Australian 2000
Exchange Ltd (ASX) and the Johannesburg
Phone: +61 2 9299 9580
Stock Exchange (JSE). Firestone Energy has
Fax: Venture with 9501
entered into a Joint +61 2 9299Sekoko
Resources (Pty) Ltd through which Firestone
19 May 2014 Energy has acquired the right to 60%
participation interests in the Waterberg Coal
Project located in Lephalale area, Limpopo
Province, South Africa.
EXPIRY OF OPTIONS
The first stage of the project is to develop the
The listed Firestone Energy Limited (‘FSE’) Options (ASX code: FSEO) numbering
Smitspan mine which has a substantial
48,395,000 and convertible into one ordinary fully paid FSE share on the payment of 4
measured thermal coal resource and to
cents, expire on 31 May 2014. The Options have not traded in the last 9 months. The
develop the Vetleegte mine which is a
option exercise price is $0.04 and the underlying securities have traded at $0.001 in the
substantial metallurgical coal deposit.
last 12 months. FSE has not sent individual notices (as required by Appendix 6A) to option
holders regarding the expiry of the options. FSE does not expect any options holders to
exercise these options before expiry. Firestone Energy is committed to becoming a
profitable independent coal and energy
Below is information required under Appendix 6A – clause 6.1 (a) to (j) to be supplied to producer at its projects in South Africa,
Option holders thereby making a substantial contribution to
the social and economic development of the
(a) The name of the holder of the +convertible securities. Lephalale area and South Africa.
(b) The number of +convertible securities held, and the number of +securities to be Corporate Details
ASX: FSE
issued on their conversion. JSE: FSE
In total – 43,395,000 listed options – 1 option converts to 1 ordinary fully paid Issued Capital:
share on the payment of the exercise price of $0.04. 3,549 million ordinary shares
Major Shareholder:
(c) The conversion or exercise price. - Exercise price - $0.04.
The Waterberg Coal Company Ltd
(d) In the case of options, the date due date for payment. – by 31 May 2014. Directors and Officers
(e) In the case of options, the consequences of non-payment and, in the case Non Executive Directors:
of other +convertible securities, the consequences of not exercising the right George Oupa Magashula
Lee Boyd
of conversion. – if the option’s (ASX code: FSEO) are not exercised by 31 May Officers:
2014, they will lapse and any right to acquire an ordinary share by payment of Mr Stephen Miller CEO and Executive
the exercise price ceases. Director
Ms Amanda Matthee CFO
(f) The date that +quotation of the +convertible securities will end (which is 5
+business days before the expiry date for options or final conversion date for
Contact:
other +convertible securities, unless there is a later maturity date). – quotation of Level1, 330 Churchill Avenue Subiaco
the options will cease 23 May 2014. Western Australia 6008
Tel: +61 (08) 9200 4465
Fax:+61(08) 9200 4469
Web: www.firestoneenergy.com.au
(g) The latest available +market price of the +underlying securities. – Firestone Energy Limited
Ordinary shares (ASX code: FSE) closed 19 May 2014 at $0.006.
(h) The highest and lowest +market price of the +underlying securities during the 3 months
immediately before the notice is issued, and the dates of those sales. – FSE’s closing price
since 19 February 2014 has been in the range of $0.006 to a high of $0.008
(i) The information required by (g), (h) and (j) in respect of all quoted +securities that would be, if
fully paid, in the same class as the +underlying securities. – n/a
(j) In case of options, the details of any underwriting agreement notified under rule 3.11.3. – n/a
Stephen W Miller
CEO
Firestone Energy Limited
www.firestoneenergy.com.au
Tel: Australia (+61 08 9287 4600)
South Africa (+27 11 706 3548)
Johannesburg
20 May 2014
Sponsor
River Group
Date: 20/05/2014 08:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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