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FSE - Firestone Energy Limited - Firestone Completes Australian and New Zealand

Release Date: 22/06/2011 09:02
Code(s): FSE
Wrap Text

FSE - Firestone Energy Limited - Firestone Completes Australian and New Zealand components of SPP offer 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") Firestone Completes Australian and New Zealand components of SPP offer Firestone Energy Limited (Firestone) (ASX/JSE: FSE) wishes to advise shareholders that the Share Purchase Plan (SPP) (as applicable to Australian and New Zealand shareholders) has closed and raised a total of $1,702,800 before costs. Shareholders (other than related parties of Firestone) who participated in the SPP have also been granted one free attaching option, exercisable at $0.04 per share and expiring on 31 May 2014, for every two shares subscribed for under the SPP. On 22 June 2011 Firestone will accordingly issue 85,140,000 fully paid ordinary shares at $0.02 each, along with 42,382,500 free attaching options exercisable at $0.04 each, to SPP participants. The shares and options are expected to be quoted on 24 June 2011. After the finalisation of the Australian and New Zealand components of the SPP, Firestone`s share capital has increased to 2,781million shares and could further increase to 2,824million shares if the options are exercised. The South African component of the SPP is still open in order to give South African resident shareholders an equivalent offer period (to that granted to Australian and New Zealand shareholders under the SPP) and will close at 12.00pm South African time on 8 July 2011. Firestone will thereafter update shareholders of the results and any subsequent change to the share and option numbers. On behalf of the Board I would like to thank you for your continuing support and encourage South African resident shareholders to take part in the SPP. 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 economic empowerment company (BEE) and Sekoko has two directors on the Board of Firestone Energy. Corporate Details ASX: FSE JSE: FSE Issued Capital: 2,781 million ordinary shares Major Shareholders: Sekoko Resources (Pty) Ltd BBY Nominees Ltd Colbern Fiduciary Nominees Ltd Bell Potter Nominees Ltd Directors and Officers Non Executive Directors: David Perkins (Chairman) Dr Pius Kasolo Colin McIntyre Peter Tshisevhe Executive Directors: SizweNkosi Company Secretary: Jerry Monzu Contact: Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Tel: +61 (0)8 9287 4600 Web: www.firestoneenergy.com.au 22 June 2011 Pretoria Sponsor and Designated Advisor River Group Date: 22/06/2011 09:02:01 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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