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Update on Second Stage Completion for the Financial Restructure
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
4 March 2013
independent, Australian exploration and
development company listed on the
Australian Stock Exchange Ltd (ASX) and
Update on Second Stage Completion for the Financial Restructure 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”) wishes
acquired the right to 60% participation
to advise that the second stage of Completion of the financing to be provided by
interests in the Waterberg Coal Project
Ariona SA (“Ariona”) through the issue of new secured convertible notes located in Lephalale area, Limpopo Province,
scheduled to occur on 28 February 2013, did not take place on that day. The South Africa.
Company and Ariona are currently in discussions in relation to the rescheduling of
second stage of completion. The Company will make a further announcement The first stage of the project is to develop the
once a new date for the second stage of completion has been set Smitspan mine which has a substantial
measured thermal coal resource and to
Yours sincerely, develop the Vetleegte mine which is a
substantial metallurgical coal deposit.
Firestone Energy is committed to becoming a
profitable independent coal and energy
David Knox producer at its projects in South Africa,
Chief Executive Officer thereby making a substantial contribution to
www.firestoneenergy.com.au the social and economic development of the
Tel: Australia (+61 08 9287 4600) Lephalale area and South Africa.
South Africa (+27 11 706 3548)
Corporate Details
ASX: FSE
JSE: FSE
Issued Capital:
3,549 million ordinary shares
Major Shareholders:
Sekoko Resources (Pty) Ltd
Linc Energy Ltd
BBY Nominees Pty Ltd
Bell Potter Nominees Ltd
Directors and Officers
Non Executive Directors:
Mr Tim Tebeila (Chairman)
David Perkins (Deputy Chairman)
Dr Pius Kasolo
Ben Mphahlele
Kobus Terblanche
David Hillier
Oren Zohar
Jack James
Officers:
Mr David Knox CEO
Ms Amanda Matthee CFO
Mr Jerry Monzu Company Secretary
Contact:
Suite B9, 431 Roberts Road
Subiaco, Western Australia 6008
4 March 2013
Sponsor
River Group
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