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FSE - Firestone Energy Limited - New issue announcement, application for

Release Date: 24/05/2011 07:46
Code(s): FSE
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FSE - Firestone Energy Limited - New issue announcement, application for quotation of additional securities and agreement FIRESTONE ENERGY 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") Appendix 3B New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX`s property and may be made public. Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. Part 1All issues You must complete the relevant sections (attach sheets if there is not enough space). +Class of +securities issued or to be Convertible Notes issued Number of+securities issued or to be 6 X $100,000 issued (if known) or maximum number which may be issued Principal terms of the +securities (eg, if options, exercise price and As per amended terms of the expiry date; if partly paid convertible note deed announced to +securities, the amount outstanding the market on 23 August 2010 the and due dates for payment; if following applies to this issue. +convertible securities, the conversion price and dates for 6 x $100,000 converts to 30,000,000 conversion) ordinary shares (2.0 cps conversion) General Terms of the Convertible Notes
First repayment date is 24 May 2014 Notes are unsecured Interest is payable on a semi-annual
basis at 10% per annum Do the +securities rank equally in all Not until conversion takes respects from the date of allotment place. with an existing +class of quoted +securities' If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Issue price or 6 x $100,000 notes = consideration $600,000 Purpose of the issue Meeting all commitments due (If issued as to its Joint Venture consideration for the acquisition of partner, Sekoko Coal (PTY) assets, clearly identify those assets) Limited and working capital requirements, as announced to Market on 11 September
2009. Dates of entering +securities into uncertificated holdings or despatch of certificates24 May 2011 Number +Class Number and +class of 2,627,028,020 Ordinary fully all +securities paid shares quoted on ASX (FSE) (including the securities in clause 2 if applicable) Number +Class Number and Unlisted Options Unlisted Options +class of all Exercise Expiry +securities 30,000,000 FSEAK 5 cents 30 Nov 12 not quoted on 6 cents 31 May 13 ASX 110,000,000 FSEAM 6 cents 30 Jun 13 (including 6 cents 30 Jun 14 the 96,904,767 FSEAO Conversion number-Variable securities in per Note clause 2 if 25,875,000 FSEAI Repayment dates applicable) 2 October 2012 Unlisted Convertible 16 November 2012 Notes 18 December 2012 21 January 2013 23 February 2013
Con Note 1 - 12 FSEAQ 23 March 2013 Con Note 2 - 3 FSEAS 30 April 2010 Con Note 3 - 3 FSEAU 04 June 2013 Con Note 4 - 3 FSEAY
Con Note 5- 3 FSEAW 04 June 2013 Con Note 6 - 3 FSEAZ Con Note 7 - 3 FSEAA 13 July 2013 Con Note 8 - 1 x ($500k)
4 x ($100k) 8 November 2013 Con Note 9 - 9 x ($100k) Con Note 13 - 6 x ($100k) 23 November 2013 Con Note 14 - 6 x ($100k)
Con Note 15 - 6 x ($100k) 22 December 2013 Con Note 16 - 6 x ($100k) Con Note 17 - 9 x ($100k) 24 January 2014 Con Note 18 - 7x ($100K)
Con Note 19 - 7 x ($100k) 22 February 2014 22 March 2014
20 April 2014 Con Note 20 - 6 x 24 May 2014 ($100k)
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)Company may pay dividends to ordinary shareholders as the Directors resolve. Part 2 Bonus issue or pro rata issue Is security holder approval required' N/A Is the issue renounceable or non-renounceable' N/A
Ratio in which the +securities will be offered N/A +Class of +securities to which the offer relates N/A
+Record date to determine entitlements N/A Will holdings on different registers (or N/A subregisters) be aggregated for calculating entitlements' Policy for deciding entitlements in relation to N/A fractions Names of countries in which the entity has N/A +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.
Closing date for receipt of acceptances or N/A renunciations Names of any underwriters N/A Amount of any underwriting fee or commission N/A Names of any brokers to the issue N/A Fee or commission payable to the broker to the N/A issue
Amount of any handling fee payable to brokers N/A who lodge acceptances or renunciations on behalf of +security holders
If the issue is contingent on +security N/A holders` approval, the date of the meeting Date entitlement and acceptance form and N/A prospectus or Product Disclosure Statement will be sent to persons entitled If the entity has issued options, and the terms N/A entitle option holders to participate on exercise, the date on which notices will be sent to option holders
Date rights trading will begin (if applicable) N/A Date rights trading will end (if applicable) N/A
How do +security holders sell their entitlements N/A in full through a broker' How do +security holders sell part of their N/A entitlements through a broker and accept for the balance' How do +security holders dispose of their N/A entitlements (except by sale through a broker)' +Despatch date N/A Part 3 Quotation of securities You need only complete this section if you are applying for quotation of securities Type of securities (tick one) Securities described in Part 1. All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over A copy of any trust deed for the additional +securities Entities that have ticked box 34(b) Number of securities for which +quotation is sought N/A Class of +securities for which quotation is sought N/A Do the +securities rank equally in all respects from N/A the date of allotment with an existing +class of quoted +securities' If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest paymentthe extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Reason for request for quotation now N/A Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class
Number and +class of all +securities quoted on ASX (including the securities in clause 38) Quotation agreement +Quotation of our additional +securities is in ASX`s absolute discretion. ASX may quote the +securities on any conditions it decides. We warrant the following to ASX. The issue of the +securities to be quoted complies with the law and is not for an illegal purpose. There is no reason why those +securities should not be granted +quotation. An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted. If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted. We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Date: 24 May 2011 Company Secretary Jerry Monzu Pretoria 24 May 2011 Sponsor River Group Date: 24/05/2011 07:46:14 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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