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FIRESTONE ENERGY LIMITED - Results Of Agm And Appointment Of Directors

Release Date: 28/11/2012 08:51
Code(s): FSE     PDF:  
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Results Of Agm And Appointment Of Directors

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") 




                                                                                   About Firestone Energy

                                                                                    Firestone Energy Limited is an
   28 November 2012                                                                 independent, Australian exploration and
                                                                                    development company listed on the
                                                                                    Australian Stock Exchange Ltd (ASX) and
                                                                                    the Johannesburg Stock Exchange (JSE).
                                                                                    Firestone Energy has entered into a Joint
                                                                                    Venture with Sekoko Resources (Pty) Ltd
              Results of Annual General Meeting                                     through which Firestone Energy has
                                                                                    acquired the right to 60% participation
                                                                                    interests in the Waterberg Coal Project
Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or “FSE”) is pleased         located in Lephalale area, Limpopo Province,
to announce that at the Annual General Meeting of the Company held earlier today    South Africa.
in Perth, all resolutions put before members, were passed on a show of hands with
the requisite majorities. Resolution 6 “Approval of 10% Placement capacity” was a
                                                                                    The first stage of the project is to develop the
special resolution and was passed with a 75% majority.
                                                                                    Smitspan mine which has a substantial
                                                                                    measured thermal coal resource and to
                                                                                    develop the Vetleegte mine which is a
The Company wishes to welcome the two newly elected Directors, Mr David Hillier
                                                                                    substantial metallurgical coal deposit.
and Mr Kevin Kartun to the Board and is pleased to have their experience and
knowledge to draw on as the Company continues on its path to developing the
Waterberg Coal Project.                                                             Firestone Energy is committed to becoming a
                                                                                    profitable independent coal and energy
The Company is pleased to attach the voting details of the Annual General meeting   producer at its projects in South Africa,
held today and the initial appendix 3x’s for the new directors.                     thereby making a substantial contribution to
                                                                                    the social and economic development of the
                                                                                    Lephalale area and South Africa.

                                                                                    Corporate Details
                                                                                                                         ASX: FSE
                                                                                                                         JSE: FSE

Yours sincerely,                                                                                                    Issued Capital:
                                                                                                     3,114 million ordinary shares

                                                                                                             Major Shareholders:
                                                                                                      Sekoko Resources (Pty) Ltd
David Knox                                                                                                        Linc Energy Ltd
                                                                                                          BBY Nominees Pty Ltd
Chief Executive Officer                                                                                 Bell Potter Nominees Ltd
www.firestoneenergy.com.au
Tel:     Australia (+61 08 9287 4600)                                                                     Directors and Officers
       South Africa (+27 11 706 3548)
                                                                                                      Non Executive Directors:
                                                                                                      Mr Tim Tebeila (Chairman)
                                                                                                David Perkins (Deputy Chairman)
                                                                                                                  Dr Pius Kasolo
                                                                                                                 Ben Mphahlele
                                                                                                               Kobus Terblanche

                                                                                                                     Officers:
                                                                                                           Mr David Knox CEO
                                                                                                       Ms Amanda Matthee CFO
                                                                                             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
                   


Results of the Annual General Meeting of the Company Held in Perth on 28 November 2012


The resolutions tabled at today’s annual general meeting of shareholders were passed on a show of hands.

In accordance with Listing Rule 3.13.2, Firestone Energy Limited announces that the resolutions put to the meeting were carried by the requisite majority.

Proxy results

In accordance with Section 251 AA of the Corporations Act 2001, Firestone Energy Limited announces the following proxy results for the General Meeting:




Resolution                                                      For                Against            At Discretion                 Abstain                  Excluded
     Adoption of the Remuneration Report
1                                                              356,144,530            16,306,977               36,371,280                 2,599,253           1,138,805,528


     Re- Election of Mr David Perkins As a
2    Director                                                1,506,879,690             4,536,515               36,372,262                 2,439,101                      0

     Election of Mr Tim Tebeila as a Director
3                                                            1,507,447,041             3,913,086               36,371,869                 2,495,572                      0

     Election of Mr David Hillier as a Director
4                                                            1,507,340,319             3,921,397               36,371,869                 2,593,983                      0

     Election of Mr Kevin Kartun as a Director
5                                                            1,507,444,099             3,916,028               36,371,869                 2,495,572                      0

     Approval of 10% Placement Capacity -
6    Shares                                                  1,500,812,812             9,163,940               36,370,398                 3,880,418                      0

     Ratify Prior Issue D Knox
7                                                            1,497,081,953            14,752,593               36,365,986                 2,027,036                      0
                                                                                   


Appendix 3X
Initial Director’s Interest Notice

Firestone Energy Limited
ABN: 71 058 436 794

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent
for the director for the purposes of section 205G of the Corporations Act.

 Name of Director                           Mr Kevin Grant Kartun

 Date of appointment                        28 November 2012

Part 1 - Director’s relevant interests in securities of which the director is the
registered holder

Number & class of securities
Nil

+ See chapter 19 for defined terms.

11/3/2002                                                                     Appendix 3X Page 1
Appendix 3X
Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the
registered holder

 Name of holder & nature of Number & class of Securities
 interest

 Nil                                             Nil

Part 3 – Director’s interests in contracts
Detail of contract                    N/A
Nature of interest                    N/A
Name of registered holder             N/A
 (if issued securities)

 No. and class of securities to N/A
 which interest relates
+ See chapter 19 for defined terms.
 

                                                                                   

Appendix 3X
Initial Director’s Interest Notice
Firestone Energy Limited
ABN: 71 058 436 794

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent
for the director for the purposes of section 205G of the Corporations Act.

 Name of Director                           Mr David Hillier

 Date of appointment                        28 November 2012


Part 1 - Director’s relevant interests in securities of which the director is the
registered holder

Number & class of securities
Nil

+ See chapter 19 for defined terms.

11/3/2002                                                                      Appendix 3X Page 1
Appendix 3X
Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the
registered holder

 Name of holder & nature of Number & class of Securities
 interest

 Nil                                             Nil




Part 3 – Director’s interests in contracts
Detail of contract                    N/A
Nature of interest                    N/A
Name of registered holder             N/A
 (if issued securities)

 No. and class of securities to N/A
 which interest relates
+ See chapter 19 for defined terms.


JOHANNESBURG
28 NOVEMBER 2012
SPONSOR
RIVER GROUP







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