Sharenet Sites 
Sharenet Sites
The Waterberg Coal Company Limited 45.88% subsidiary,Firestone Energy Limited, announces USD5.0 million fund raising
ASX Release
The Waterberg Coal Company Limited10 November 2014
(Incorporated in Australia)
(Registration number ABN 64 065 480 453)
THE WATERBERG COAL ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
COMPANY LIMITED
ABN 64 065 480 453 (“WCC” or “the Company”)
Registered office:
Level 2, 1 Walker Avenue West
Perth, Western Australia 6005
Australia The Waterberg Coal Company Limited 45.88% subsidiary, Firestone
Energy Limited, announces USD5.0 million fund raising.
Tel:+61 8 9485 0888
Fax: +61 8 9485 0077 Please see following announcement released by Firestone Energy Limited
today, 10 November 2014.
South African office:
Level 1, The Place,
1 Sandton Dr
Sandton, 2146 Stephen Miller
South Africa
Executive Director and CEO
Tel: +27 10 594 2240
Fax: +27 10 594 2253
Contact:
Mr Stephen Miller
Executive Director/CEO
Or
Investor relations
in South Africa:
Bruce Tinney
+27 (83) 408 3028
E-mail:
info@waterbergcoal.com.au
Directors:
Dr Mathews Phosa
(Chairman)
Stephen Miller
(Executive Director and
CEO)
Lee Boyd
(Director and Company
Secretary)
ASX / JSE Symbol:
WCC
ASX Release
10 November 2014
10 November 2014
FIRESTONE RAISES USD5,000,000 BY CONVERTIBLE NOTES ISSUE FIRESTONE ENERGY
LIMITED
ABN 71 058 436 794
Firestone Energy Limited (Firestone or the Company) advises that it has signed a
term sheet with Four Oaks Credit Fund Limited for the provision of USD5.0 million Registered office:
in new funding by way of the issue of Convertible Notes (CN), each with a current Level 2, 1 Walker Avenue West Perth,
face value of ZAR0.07 (seven South African cents). Western Australia 6005
Australia
Completion of the transaction is subject to execution of formal documentation and
completion of due diligence by Four Oaks Credit Fund Limited. Tel:+61 8 9485 0888
Fax: +61 8 9485 0077
The funds are proposed to be drawn down over two tranches comprising USD2.7
million and USD2.3 million respectively. The Tranche 1 CN will be issued pursuant South African office:
to the Company’s current 15% capacity under ASX Listing Rule 7.1 with Tranche 2 Level 1, The Place,
to be issued subsequent to shareholder approval at the Company’s AGM to be 1 Sandton Dr, Sandton, 2146,
held on 28 November 2014. South Africa
Funds raised are to be used for advancing Firestone’s Waterberg Coal Project Tel: +27 10 594 2240
Joint Venture located in the Waterberg district of Limpopo Province, South Africa Fax: +27 10 594 2253
and for other working capital purposes.
The salient terms of the issue of the Convertible Notes are as follows:
Contact:
1. Principal amount is USD5,000,000;
2. Drawing over 2 Tranches, as above; Mr Stephen Miller
3. Face value of each note is ZAR0.07; Managing Director
4. Redemption to be in equivalent USD; Or
5. Coupon interest rate is 6% p.a.; Investor relations
6. PIK interest rate is 6% p.a.; and in South Africa:
7. Maturity date is 30 November 2016. Bruce Tinney
+27 (83) 408 3028
The face value of each note represents a 28% premium to the prior 20 day VWAP
of Firestone’s securities on the ASX. E-mail:
info@waterbergcoal.net
The Company is pleased to have the support of Four Oaks Credit Fund Limited to
enable it to progress the Company’s Waterberg Coal Project Joint Venture. Corporate Details:
Major Shareholders:
Shareholders are advised to continue to exercise caution as discussions relating to The Waterberg Coal Company Ltd
further funding are ongoing.
Directors and Officers:
Stephen Miller Non Executive Directors:
Managing Director Dr Mathews Phosa (Chairman)
George Oupa Magashula
Edwin Leith Boyd
JSE Sponsor
Officers:
The Standard Bank of South Africa Limited Mr Stephen Miller Managing Director
Ms Amanda Matthee CFO
Mr Edwin Leith Boyd Company
Secretary
ASX / JSE Symbol:
FSE
Web: www.firestoneenergy.com.au
2
Date: 10/11/2014 10:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
