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Independent Experts Opinion Unchanged
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")
About Firestone Energy
Firestone Energy Limited is an
10 April 2013
independent, Australian exploration and
development company listed on the
Australian Stock Exchange Ltd (ASX) and
Independent Experts Opinion Unchanged the Johannesburg Stock Exchange (JSE).
Firestone Energy has entered into a Joint
Venture with Sekoko Resources (Pty) Ltd
through which Firestone Energy has
Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or “Firestone”) advises acquired the right to 60% participation
that it has now received the opinion of the Independent Expert, Deloitte interests in the Waterberg Coal Project
Corporate Finance Pty Limited (Deloitte), on the Second Supplementary Bidders located in Lephalale area, Limpopo Province,
Statement (“Offer”) served on the Company on 27 March 2013, by Range River South Africa.
Gold Limited (“RNG”).
The first stage of the project is to develop the
Deloitte have considered all new information provided to them in relation to the Smitspan mine which has a substantial
measured thermal coal resource and to
Offer and have advised that their opinion remains unchanged, in that they
develop the Vetleegte mine which is a
consider the Takeover Offer is neither fair nor reasonable to the non-associated
substantial metallurgical coal deposit.
Firestone Shareholders.
Firestone Energy is committed to becoming a
The Firestone Board reaffirms its recommendation that Firestone profitable independent coal and energy
shareholders REJECT the Offer. Shareholders should do nothing in relation to any producer at its projects in South Africa,
documents received from RNG. thereby making a substantial contribution to
the social and economic development of the
Lephalale area and South Africa.
All Firestone announcements are available on the Company’s website
on www.firestoneenergy.com.au and via www.asx.com.au. Corporate Details
ASX: FSE
Shareholders can also receive further information on the Offer by calling the JSE: FSE
Firestone shareholder information line on: 1800 643 977 or for international Issued Capital:
calls +61 2 8256 3363. 3,549 million ordinary shares
Major Shareholders:
Yours sincerely, Sekoko Resources (Pty) Ltd
Linc Energy Ltd
BBY Nominees Pty Ltd
Bell Potter Nominees Ltd
David Knox Directors and Officers
Chief Executive Officer Non Executive Directors:
www.firestoneenergy.com.au Mr Tim Tebeila (Chairman)
Tel: Australia (+61 08 9287 4600) David Perkins (Deputy Chairman)
South Africa (+27 11 706 3548) Dr Pius Kasolo
Ben Mphahlele
Kobus Terblanche
11 April 2013 Oren Zohar
Johannesburg Jack James
Sponsor
River Group 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
Date: 11/04/2013 07:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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