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The Waterberg Coal Company Limited – Group Financing Update
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')
ASX ANNOUNCEMENT
9 April 2015
The Waterberg Coal Company Limited - Group Financing Update
Firestone Energy Limited (Company or Firestone) advises that it has received advice from its
parent company and financier, The Waterberg Coal Company Limited (WCC), of its having
submitted to ASX an announcement (Announcement) in the attached form.
As Firestone also has a voluntary suspension of trading in its securities in place, and being
reliant on WCC for funding its continuing operations, the Announcement has the same
relevance to Company as it does for WCC.
ENDS
About Firestone Energy
Firestone Energy Limited is an independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and
the Johannesburg Stock Exchange (JSE). Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd through which Firestone
Energy has acquired the right to 60% participation interests in the Waterberg Coal Project located in Lephalale area, Limpopo Province, South Africa.
The first stage of the project is to develop the Smitspan mine which has a substantial measured thermal coal resource and to develop the Vetleegte
mine which is a substantial metallurgical coal deposit.
Firestone Energy is committed to becoming a profitable independent coal and energy producer at its projects in South Africa, thereby making a
substantial contribution to the social and economic development of the Lephalale area and South Africa.
Corporate Details
ASX: FSE
JSE: FSE
Issued Capital
3,549 million ordinary shares
Major Shareholders
The Waterberg Coal Company Ltd
Directors and Officers
Non Executive Directors
Lee Boyd
Officers
Mr Stephen Miller CEO and Executive Director
Ms Amanda Matthee CFO
Mr Lee Boyd Company Secretary
Contact
Firestone Energy Limited
ABN 71 058 436 794
Level 2, 1 Walker Avenue West Perth, Western Australia 6005
Australia Tel: +61 (08) 9485 0888
Fax:+61(08) 9485 0077
Web: www.firestoneenergy.com.au
Group Financing Update
On 16 March 2015 The Waterberg Coal Company Limited (the Group or the Company) advised the
market that the funding facility (Facility) made available to the Company by the Standard Bank of South
Africa (SBSA) (as Facility agent) is due for repayment on 9 April 2015.
As advised at that time, the Company has also been in discussion with certain other funding agencies with
respect to the Groups overall funding requirements for both the proposed Export Project and also to retire
current Group indebtedness, including the facility with SBSA.
With respect to the facility with SBSA, the Company wishes to advise that it has been in discussions with
SBSA in respect of arrangements for a proposed "refinancing" of the current facility to be funded by a third
party.
The third party discussions are in process and SBSA has advised that they intend to maintain the Facility
as "on demand", rolling on a daily basis, to give these discussions time to progress. Should these
circumstances change the Company will immediately notify the market.
The voluntary suspension of the Company's securities remains on foot until further information is received
and the market advised accordingly.
Stephen Miller
Executive Director and CEO
The Waterberg Coal Company Limited
Corporate Details
ABN 64 065 480 453
Registered office:
Level 2, 1 Walker Avenue West Perth, Western Australia 6005 Australia
Tel:+61 8 9485 0888
Fax: +61 8 9485 0077
South African office:
Level 1, The Place, 1 Sandton Dr, Sandton, 2146, South Africa
Tel: +27 10 594 2240
Fax: +27 10 594 2253
Contact:
Mr Stephen Miller
Executive Director/CEO
Or
Investor relations
in South Africa: Lawrie Mackintosh
E-mail:
info@waterbergcoal.com.au
Directors:
Dr Mathews Phosa (Chairman)
Stephen Miller
(Executive Director and CEO)
Lee Boyd
(Director and Company Secretary)
Johannesburg
9 April 2015
Sponsor
River Group
Date: 09/04/2015 08:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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