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FIRESTONE ENERGY LIMITED - APPOINTMENT OF CFO

Release Date: 23/08/2012 07:22
Code(s): FSE     PDF:  
Wrap Text
APPOINTMENT OF CFO

                                                                                            
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")


23 August 2012
                                                                                                                                                                                   

                      Firestone Appoints CFO                                                
                                                                                      
                                                                                            
Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or “Firestone”) is                   
pleased to announce that it has appointed Ms Amanda Matthee to the position of              
Chief Financial Officer.                                                                    
                                                                                            
Amanda Matthee is a Chartered Accountant (CA) and holds an Advance Executive
Program Diploma from Unisa. She has over 20 years of corporate and business                 
management experience and has previously served as a Financial Director of                  
Sekoko Resources.                                                                           
                                                                                            
With more than 20 years of financial management experience in the defence                   
technology and mining sectors, Ms Matthee has worked with many of the
industry’s leading companies. Before joining Sekoko in January 2007, she served
as Executive and chief financial officer of Khusela Women Investments and prior
to that she served on the Executive Committee of Harmony Gold Limited.                      
                                                                                            
The Board is pleased to have attracted someone of Ms Matthee’s calibre to the               
Company especially at a time when a substantial financial restructuring is
progressing.                                                                                
                                                                                                                                
                                                                                                                            
Yours sincerely,                                                                                             
                                                                                                            
                                                                                                                          
David Knox                                                                                                        
                                                                                                                
Chief Executive Officer
david.knox@firestoneenergy.com.au                                                                                 
www.firestoneenergy.com.au
Tel:Australia (+61 08 9287 4600)                                                                        
    South Africa (+27 11 706 3542)
 
                                                                                                       
About Firestone Energy                                                                                                                          
                                                                                                                         
Firestone Energy Limited is an independent, Australian exploration and development company 
listed on the Australian Stock Exchange Ltd (ASX) and the JSE LIMITED (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: 3,114 million ordinary shares

Major Shareholders:
Sekoko Resources (Pty) Ltd
Linc Energy Ltd
BBY Nominees Pty Ltd
Bell Potter Nominees Ltd

Directors and Officers
Non Executive Directors:
Mr Tim Tebeila (Chairman)
David Perkins (Deputy Chairman)
Dr Pius Kasolo
Ben Mphahlele
Kobus Terblanche

Officers:
Mr David Knox CEO
Mr Jerry Monzu Company Secretary

Contact:
Suite B9, 431 Roberts Road, Subiaco, Western Australia 6008
Tel: +61 (08) 9287 4600
Web: www.firestoneenergy.com.au

                                                                                                                             
About Sekoko Resources                                                                                             
                                                                                                     
Sekoko Resources (Pty) Ltd is a South African-based black-owned energy and minerals
company developing the coal, magnetite iron ore and PGMs Projects in the Limpopo                                                
Province of South Africa. This includes a significant exploration program and development                   
of the Waterberg Coal Joint Venture Project based on significant Coal Zone Resources.                  
                                                                                                                
SPONSOR
River Group
Johannesburg
23 August 2012                                                                                                     

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