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ASX Waiver from Listing Rule 14.7
About Firestone Energy
Firestone Energy Limited is an
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")
independent, Australian exploration and
development company listed on the
ASX Waiver from Listing Rule 14.7 Australian Stock Exchange Ltd (ASX) and
the Johannesburg Stock Exchange (JSE).
Firestone Energy has entered into a Joint
Venture with Sekoko Resources (Pty) Ltd
The Company advises that it has received a waiver from listing rule 14.7 from through which Firestone Energy has
the ASX in the following terms: acquired the right to 60% participation
interests in the Waterberg Coal Project
1. "Based solely on the information provided, ASX Limited ("ASX") grants located in Lephalale area, Limpopo Province,
South Africa.
Firestone Energy Limited (the "Company") a waiver from listing rule 14.7
to the extent necessary to permit the Company to issue A$12,500,00 The first stage of the project is to develop the
worth of secured convertible notes with a conversion price of A$0.025 to Smitspan mine which has a substantial
Ariona Company SA (“New Convertible Notes”) later than the 3 months measured thermal coal resource and to
after the date of the shareholders meeting on 5 October 2012 (the develop the Vetleegte mine which is a
“Meeting”) at which the issue of the New Convertible Notes was approved, substantial metallurgical coal deposit.
on the following conditions:
Firestone Energy is committed to becoming a
1.1. The New Convertible Notes are issued no later than 28 March profitable independent coal and energy
producer at its projects in South Africa,
2013.
thereby making a substantial contribution to
the social and economic development of the
1.2. The New Convertible Notes are otherwise issued on the same
Lephalale area and South Africa.
terms and conditions as approved by shareholders at the
Meeting. Corporate Details
ASX: FSE
JSE: FSE
1.3. The Company releases the terms of the waiver to the market
immediately; and Issued Capital:
3,549 million ordinary shares
Major Shareholders:
Sekoko Resources (Pty) Ltd
2. ASX has considered listing rule 14.7 only and makes no statement as to Linc Energy Ltd
BBY Nominees Pty Ltd
the Company’s compliance with other listing rules. " Bell Potter Nominees Ltd
Directors and Officers
Non Executive Directors:
Yours sincerely, Mr Tim Tebeila (Chairman)
David Perkins (Deputy Chairman)
Dr Pius Kasolo
Ben Mphahlele
Kobus Terblanche
David Knox Oren Zohar
Chief Executive Officer Jack James
www.firestoneenergy.com.au Officers:
Tel: Australia (+61 08 9287 4600) Mr David Knox CEO
South Africa (+27 11 706 3548) Ms Amanda Matthee CFO
Mr Jerry Monzu Company Secretary
Johannesburg
26 March 2013
Sponsor Contact:
River Group Suite B9, 431 Roberts Road
Subiaco, Western Australia 6008
Tel: +61 (08) 9287 4600
Date: 26/03/2013 08:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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