FIRESTONE ENERGY LIMITED - Interim Order From Take Over Panel

Interim Order From Take Over Panel

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")                      


                                                                                         No: TP13/11
Monday, 29 April 2013
                 

Firestone Energy Limited – Panel Makes Interim Orders

The Panel has made interim orders1 in response to an application for interim orders
dated 18 April 2013 by Firestone Energy Limited in relation to its affairs.

The interim orders prevent either the bidder or target further communicating with
shareholders until the Panel has resolved the application, unless the Panel consents
or it is required as part of continuous disclosure obligations. The orders also prevent
The Waterberg Coal Company Limited from seeking to change the board of
Firestone.

The application includes claims of information deficiency (see TP13/10).

The interim orders have effect until the earliest of further order of the Panel,
determination of the proceedings or 2 months from the date of the interim orders.

A copy of the interim orders is attached.


Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597
allan.bulman@takeovers.gov.au




1 BACKGROUND: An interim order is designed to maintain the status quo until the Panel can
consider the application in detail. It may be made by the President or a sitting Panel. Often a sitting
Panel has not been appointed at the stage of considering the making of an interim order. An interim
order does not indicate that the Panel has decided to conduct proceedings or necessarily indicate the
merits of an application for a declaration of unacceptable circumstances.

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                              CORPORATIONS ACT
                                 SECTION 657E
                               INTERIM ORDERS


FIRESTONE ENERGY LIMITED

Firestone Energy Limited (Firestone) made an application to the Panel dated 18 April 2013
in relation to its affairs.

The Panel ORDERS:

1.   Neither Firestone nor The Waterberg Coal Company Limited (formerly Range River
     Gold Limited) (WCC) may publish or dispatch any further material to Firestone
     shareholders in respect of the off-market takeover bid by WCC for all the shares in
     Firestone unless:
     (a)    the Panel consents or
     (b)    it comprises only information required by ASX listing rule 3.1 to be disclosed.
2.   WCC and its subsidiaries must not make or initiate any changes to the composition
     of the board of Firestone.
3.   These interim orders have effect until the earliest of:
     (i)    further order of the Panel
     (ii)   the determination of the proceedings and
     (iii) 2 months from the date of these interim orders.




Alan Shaw
Counsel
with authority of Peter Scott
President of the sitting Panel
Dated 29 April 2013

29 April 2013

Sponsor

River Group




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