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FSE - Firestone Energy Limited - ASX/Media Release - 16 September 2009 FIRESTONE ENERGY LIMITED (formerly Centralian Minerals Limited) (Registration number: ABN 058 436 794) (SA company registration number: 200/023973/10 Share code on the JSE: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 ("FSE" or "the Company") ASX/Media Release - 16 September 2009 1. Conversion of convertible loans The Company has received a conversion notice with respect to the convertible note deed entered into and announced to the market on 11 May 2009. The face value plus accrued interest being converted is $545,000 and the conversion price calculated in accordance with the terms of the deed is A$0.03592. The number of ordinary shares to be issued in respect of this is 15,172,606. In addition, following the granting of shareholder approval under Listing Rule 7.1 for the issue of the new shares at the general meeting held on 9 September 2009 at $A0.04, the $2.68 million convertible loans issued in August 2009 to a range of sophisticated and professional investors within the meaning of section 708 of the Corporations Act 2001, will be converted into 67 million ordinary shares at the conversion price of $0.04. A cleansing statement with respect to these issues will be lodged with ASX in accordance with section 708A(5) of the Corporations Act 2001 (Cth). 2. Disclosure requirement in respect of JSE listing The Securities Regulation Panel in South Africa has exercised its discretion in terms of rule 34 of the Code and ruled that by shareholders voting "FOR" resolution 9 at the general meeting held on 9 September 2009, this will be deemed to constitute a waiver to their right to an offer to minorities as contemplated in rule 8.7 of the SRP code. For more information please contact: Garth Higgo Chief Executive Officer +61 (08) 9381-2755 www.firestoneenergy.com.au Pretoria 16 September 2009 Sponsor and Corporate Advisor River Group Date: 16/09/2009 08:00:04 Supplied by www.sharenet.co.za 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 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
