Takeover Offer Announced by Range River Gold Limited. Shareholders should take no action
About Firestone Energy
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)
("FSE" or "the Company")
Firestone Energy Limited is an
30 January 2013
independent, Australian exploration and
development company listed on the
Australian Stock Exchange Ltd (ASX) and
Takeover Offer Announced by Range River Gold Limited the Johannesburg Stock Exchange (JSE).
Firestone Energy has entered into a Joint
Venture with Sekoko Resources (Pty) Ltd
SHAREHOLDERS SHOULD TAKE NO ACTION
through which Firestone Energy has
acquired the right to 60% participation
With reference to the Announcement relating to the takeover offer from Range interests in the Waterberg Coal Project
River Gold Limited referred to in the SENS announcement on 18 December 2012. located in Lephalale area, Limpopo Province,
The Board of Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or South Africa.
“Firestone”) advises that on 30 January 2013, the board received a formal Bidders
Statement from Range River Gold Limited. The first stage of the project is to develop the
Smitspan mine which has a substantial
Range River Gold Limited (ASX: RNG) (“Range River”) announced to the ASX an measured thermal coal resource and to
develop the Vetleegte mine which is a
unsolicited, conditional proposal to acquire all of the ordinary shares in Firestone
substantial metallurgical coal deposit.
by way of an off market takeover offer (the “Range River Offer”). Interested
shareholders are referred to the Range River website or www.asx.com.au where Firestone Energy is committed to becoming a
they can obtain the full offer. profitable independent coal and energy
producer at its projects in South Africa,
In summary, under the Range River Offer Firestone shareholders will be offered thereby making a substantial contribution to
one (1) Range River share for every two (2) Firestone shares. the social and economic development of the
Lephalale area and South Africa.
The Board is unanimous in its view that Firestone shareholders should take no Corporate Details
action and not make any decision in relation to their shareholding in the ASX: FSE
Company until the Board has reviewed and has had an opportunity to consider JSE: FSE
the Range River Offer. Following careful consideration of the Range River Offer, Issued Capital:
the Board will determine and advise Firestone shareholders of its 3,114 million ordinary shares
recommendation.
Major Shareholders:
Sekoko Resources (Pty) Ltd
The Range River Offer will not open for acceptance until its Bidder’s Statement is Linc Energy Ltd
BBY Nominees Pty Ltd
despatched to Firestone shareholders and must remain open for at least one Bell Potter Nominees Ltd
month.
Directors and Officers
The Board’s focus will be on maximising value for shareholders and the Range Non Executive Directors:
River Offer will be considered in that context. The Board will keep shareholders Mr Tim Tebeila (Chairman)
informed of any further developments and will provide updates to the market as David Perkins (Deputy Chairman)
Dr Pius Kasolo
appropriate. The Company has retained Kelly & Co. Lawyers as its legal adviser Ben Mphahlele
and BBY Limited as its corporate adviser in relation to this matter. Kobus Terblanche
Officers:
Mr David Knox CEO
David Knox Ms Amanda Matthee CFO
Chief Executive Officer Mr Jerry Monzu Company Secretary
www.firestoneenergy.com.au
Tel: Australia (+61 08 9287 4600) Contact:
South Africa (+27 11 706 3548) Suite B9, 431 Roberts Road
Subiaco, Western Australia 6008
Johannesburg Tel: +61 (08) 9287 4600
Web: www.firestoneenergy.com.au
30 January 2013
Sponsor
RiverGroup
Date: 30/01/2013 02:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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