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FSE - Firestone Energy Limited - Progress on replacement of managing Director

Release Date: 17/06/2010 08:59
Code(s): FSE
Wrap Text

FSE - Firestone Energy Limited - Progress on replacement of managing Director 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") Progress on replacement of Managing Director Perth and Johannesburg Firestone Energy Limited (ASX/ JSE:FSE) wishes to announce that it is in advanced discussions with potential candidates to succeed Mr John Wallington as the Company`s Managing Director. In the interim the Company has constituted an executive committee consisting of Mr John Dreyer as Chairman, Ms Amanda Matthee who will oversee the day to day running of the South African office and Mr Colin McIntyre who will concentrate on technical matters. Mr John Wallington will continue to take responsibility for the finalisation of the bankable feasibility Study which is expected to be completed on schedule in July 2010. Further information can be obtained by contacting Mr John Dreyer. Mr John Dreyer Chairman +61 (08) 9381-2755 www.firestoneenergy.com.au About Firestone Energy Firestone Energy is an independent Australian exploration company focused on developing coal projects in South Africa. The company is currently exploring the richly endowed Waterberg coal field in the Limpopo Province of South Africa. The Company is committed to value-added growth through becoming an independent coal and energy producer at its projects in South Africa. The Company has entered into three joint ventures with Sekoko Resources, a South African black empowerment company (BEE) and Sekoko has two directors on the Board of Firestone Energy. Corporate Details ASX: FSE JSE: FSE Issued Capital: 2,331 million ordinary shares Major Shareholders: Sekoko Resources (Pty) Ltd Colbern Fiduciary Nominees Ltd Bell Potter Nominees Ltd Directors and Officers: Non Executive Directors: John Dreyer (Chairman) Timothy Tebeila (Deputy Chairman) Amanda Matthee Colin McIntyre and John Wallington Company Secretary Jerry Monzu Contact: Level 1, 63 Hay Street Subiaco, Western Australia 6008 Tel: +61 (0)8 9381 2755 Web: www.firestoneenergy.com.au ASX Announcement Perth and Johannesburg Firestone Energy Limited (ASX/ JSE:FSE) wishes to announce that it is in advanced discussions with potential candidates to succeed Mr John Wallington as the Company`s Managing Director. In the interim the Company has constituted an executive committee consisting of Mr John Dreyer as Chairman, Ms Amanda Matthee who will oversee the day to day running of the South African office and Mr Colin McIntyre who will concentrate on technical matters. Mr John Wallington will continue to take responsibility for the finalisation of the bankable feasibility Study which is expected to be completed on schedule in July 2010. Further information can be obtained by contacting Mr John Dreyer. Mr John Dreyer Chairman +61 (08) 9381-2755 www.firestoneenergy.com.au Pretoria 17 June 2010 Sponsor and Corporate Advisor River Group Date: 17/06/2010 08:59:34 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.

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