FIRESTONE ENERGY LIMITED - Request for Voluntary Suspension Firestone Energy Limited

Request for Voluntary Suspension – Firestone Energy Limited

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")

7 August 2015

ASX Limited
Level 40 Central Park
152 - 158 St George's Terrace
PERTH WA 6000

Attn: Ben Tippett By email: tradinghaltsperth@asx.com.au

Dear Ben 

Request for Voluntary Suspension - Firestone Energy Limited

Firestone Energy Limited (FSE) hereby requests an extension to its voluntary suspension in the trading of its 
securities which is due to expire pre-open on 10 Augusty 2015.
In accordance with ASX Listing Rule 17.2, FSE advises that:

a. it is seeking the extension to the voluntary suspension to allow time for its parent company, The 
   Waterberg Coal Company Limited (WCC), to finalise a proposed third party funding arrangement to 
   replace its existing funding arrangement (Facility) with Standard Bank of South Africa (SBSA), 
   which was due for repayment on 9 April 2015 (as announced on 17 March 2015). 
b. the replacement funding represents a significant transaction and the final terms of the proposal will 
   impact FSE's ability to carry out its future objectives;
c. WCC has advised that completion of discussions and execution of term sheet documentation is now 
   imminent;
d. WCC has advised that SBSA will maintain the Facility as "on demand", rolling daily basis to give 
   the discussions time to progress;
e. FSE is of the view that re-instatement of trading for its securities at this time is likely to be 
   materially prejudicial to WCC's ability to successfully complete the complex funding transaction 
   contemplated which is critical to both WCC's and FSE's financial viability.
f. it expects the voluntary suspension to remain in place until the earlier of:
    i. the date that it has made an announcement in respect of WCC's proposed funding 
       arrangement; and
   ii. commencement of trade on 24 August 2015;
g. it is not aware of any reason why the securities should not be suspended; and
h. is not aware of any other information necessary to inform the market about the suspension.

Yours faithfully
E L (Lee) Boyd
Company Secretary
Firestone Energy Limited

Johannesburg
07 August
Sponsor
River Group



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