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FIRESTONE ENERGY LIMITED - Expiry of 30,000,000 Unquoted Options

Release Date: 03/12/2012 09:00
Code(s): FSE     PDF:  
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Expiry of 30,000,000 Unquoted Options

   
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")


3 December 2012

Expiry of 30,000,000 Unquoted Options


Company Announcements Office Australian Securities Exchange Limited

Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or “FSE”) wishes to advise that
30,000,000 5 cent unquoted options (FSEAK) expired on 30 November 2012.

These options will now be cancelled and an appendix 3b indicating the current share structure of the
Company is attached.


Yours sincerely,

Mr Jerry Monzu
Company Secretary

Appendix 3B
New issue announcement
Rule 2.7, 3.10.3, 3.10.4, 3.10.5

                                              
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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12




Name of entity: Firestone Energy Limited

ABN 71 058 436 794

We (the entity) give ASX the following information.

Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).

 1        +Class of +securities issued or to
          be issued


 2        Number of +securities issued or
          to be issued (if known) or
          maximum number which may
          be issued


 3        Principal     terms      of  the
          +securities   (eg, if options,                    Cancellation of 30,000,000 (5 cent) 30
          exercise price and expiry date; if                November 2012 unlisted options (FSEAK).
          partly paid +securities, the
          amount outstanding and due
          dates     for      payment;     if
          +convertible     securities, the
          conversion price and dates for
          conversion)


+ See chapter 19 for defined terms.


 4      Do the +securities rank equally
        in all respects from 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 payment
        • the extent to which they do
           not rank equally, other than
           in relation to the next
           dividend, distribution or
           interest payment

 5      Issue price or consideration


 6      Purpose of the issue
        (If issued as consideration for
        the acquisition of assets, clearly
        identify those assets)




 6a     Is the entity an +eligible entity    N/A to this 3b and this option cancellation
        that has obtained security
        holder approval under rule 7.1A?

        If Yes, complete sections 6b – 6h
        in relation to the +securities the
        subject of this Appendix 3B, and
        comply with section 6i

 6b     The date the security holder         N/A
        resolution under rule 7.1A was
        passed

 6c     Number of +securities issued         N/A
        without security holder approval
        under rule 7.1


 6d     Number of +securities issued         N/A
        with security holder approval
        under rule 7.1A

 6e     Number of +securities issued         N/A
        with security holder approval
        under rule 7.3, or another
        specific security holder approval
        (specify date of meeting)


 6f     Number of securities issued          N/A
        under an exception in rule 7.2

 6g     If securities issued under rule      N/A
        7.1A, was issue price at least 75%
        of 15 day VWAP as calculated
        under rule 7.1A.3? Include the
        issue date and both values.
        Include the source of the VWAP
        calculation.

 6h     If securities were issued under      N/A
        rule    7.1A     for    non-cash
        consideration, state date on
        which         valuation       of
        consideration was released to
        ASX Market Announcements

 6i     Calculate the entity’s remaining     N/A
        issue capacity under rule 7.1 and
        rule 7.1A – complete Annexure 1
        and release to ASX Market
        Announcements

 7      Dates of entering +securities        N/A
        into uncertificated holdings or
        despatch of certificates


                                             Number             +Class

 8      Number and +class of all             3,113,878,641      Ordinary fully      paid
        +securities    quoted on ASX                            shares (FSE)
        (including the securities in
        section 2 if applicable)
                                             48,395,000         FSEO: Options
                                                                exercisable at $0.04 per
                                                                share and expiring on 31
                                                                May 2014.


                                                   Number                      +Class

 9      Number and          +class
                                 of all            Unlisted Options            Unlisted Options
        +securities not quoted on ASX                                          Exercise Expiry
        (including the securities in
        section 2 if applicable)                   110,000,000 FSEAM           6 cents 31 May 13
                                                   96,904,767 FSEAO            6 cents 30 Jun 13
                                                   25,875,000 FSEAI            6 cents 30 Jun 14
                                                   40,000,000                  2.5 cents 19 Sept 14


                                                   Unlisted Convertible        Conversion number-
                                                   Notes                       Variable per Note
                                                                               Repayment dates –
                                                   Con Note 1 – 12 FSEAQ       2 October 2012
                                                   Con Note 2 – 3 FSEAS        16 November 2012
                                                   Con Note 3 – 3 FSEAU        18 December 2012
                                                   Con Note 4 – 3 FSEAY        21 January 2013
                                                   Con Note 5- 3 FSEAW         23 February 2013
                                                   Con Note 6 – 3 FSEAZ        23 March 2013
                                                   Con Note 7 – 3 FSEAA        30 April 2010
                                                   Con Note 8 - 1 x ($500k)    04 June 2013
                                                                4 x ($100k)    04 June 2013
                                                   Con Note 9 - 9 x ($100k)    13 July 2013
                                                   Con Note 13 - 6 x ($100k)   8 November 2013
                                                   Con Note 14 – 6 x ($100k)   23 November 2013
                                                   Con Note 15 – 6 x ($100k)   22 December 2013
                                                   Con Note 16 – 6 x ($100k)   24 January 2014
                                                   Con Note 17 – 9 x ($100k)   22 February 2014
                                                   Con Note 20 – 6 x ($100k)   24 May 2014
                                                   Con Note 21 – 3 x ($100k)   22 June 2014
                                                   Con Note 22 – 3 x ($100k)   19 October 2014




 10     Dividend policy (in the case of a           N/A
        trust, distribution policy) on the
        increased capital (interests)



Part 2 - Bonus issue or pro rata issue
 11     Is security       holder      approval     N/A
        required?


 12     Is the issue renounceable or non-          N/A
        renounceable?

                                     +securities
 13     Ratio in which the                         N/A
        will be offered

        +Class  of +securities to which the
 
14                                                     N/A
        offer relates

 15     +Record   date               to   determine
        entitlements                                    N/A

 16     Will holdings on different                      N/A
        registers (or subregisters) be
        aggregated    for   calculating
        entitlements?

 17     Policy for deciding entitlements                N/A
        in relation to fractions


 18     Names of countries in which the                 N/A
        entity has +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.


 19     Closing date for receipt                  of    N/A
        acceptances or renunciations

+ See chapter 19 for defined terms.


 20     Names of any underwriters            N/A



 21     Amount of any underwriting fee       N/A
        or commission

 22     Names of any brokers to the          N/A
        issue




 23     Fee or commission payable to the     N/A
        broker to the issue

 24     Amount of any handling fee           N/A
        payable to brokers who lodge
        acceptances or renunciations on
        behalf of +security holders

 25     If the issue is contingent on        N/A
        +security holders’ approval, the

        date of the meeting

 26     Date entitlement and acceptance      N/A
        form and prospectus or Product
        Disclosure Statement will be sent
        to persons entitled

 27     If the entity has issued options,    N/A
        and the terms entitle option
        holders    to    participate  on
        exercise, the date on which
        notices will be sent to option
        holders

 28     Date rights trading will begin (if   N/A
        applicable)

 29     Date rights trading will end (if     N/A
        applicable)




 30     How do +security holders sell        N/A
        their entitlements in full through
        a broker?

 31     How do +security holders sell        N/A
        part of their entitlements
        through a broker and accept for
        the balance?


+ See chapter 19 for defined terms.


 32      How do +security holders dispose                N/A
         of their entitlements (except by
         sale through a broker)?

       +Despatch
 

33                   date                               N/A


Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities

 34      Type of securities
         (tick one)

 (a)            Securities described in Part 1


 (b)            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

 35             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

 36             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

 37             A copy of any trust deed for the additional +securities


+ See chapter 19 for defined terms.


Entities that have ticked box 34(b)

 38     Number of securities for which                       N/A
        +quotation is sought




 39     Class of +securities for which                       N/A
        quotation is sought


 40     Do the +securities rank equally in                   N/A
        all respects from 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
            payment
        • the extent to which they do
            not rank equally, other than in
            relation to the next dividend,
            distribution      or    interest
            payment

 41     Reason for request for quotation                     N/A
        now
        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

 42     Number and +class of                          all N/A
        +securities   quoted on ASX
        (including the securities in clause
        38)


Quotation agreement

1        +Quotation of our additional +securities is in ASX’s absolute discretion. ASX
         may quote the +securities on any conditions it decides.

2        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.

3        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.

4        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: 3/12/2012
Sign here:           Company secretary


Print name:            Jerry Monzu



                                        == == == == ==

Appendix 3B – Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A for
+eligible entities
Introduced 01/08/12



Part 1

                             Rule 7.1 – Issues exceeding 15% of capital

 Step 1: Calculate “A”, the base figure from which the placement capacity is
 calculated

 Insert number of fully paid ordinary             N/A to this issue
 securities on issue 12 months before date
 of issue or agreement to issue

 Add the following:                               Issues under an exception to rule 7.2


 •    Number of fully paid ordinary securities
      issued in that 12 month period under an
      exception in rule 7.2
                                                  Issues with Shareholder Approval
 •    Number of fully paid ordinary securities
      issued in that 12 month period with
      shareholder approval

 •    Number of partly paid ordinary securities
      that became fully paid in that 12 month
      period

 Note:
 • Include only ordinary securities here –
    other classes of equity securities cannot
    be added
 • Include here (if applicable) the securities
    the subject of the Appendix 3B to which
    this form is annexed
 • It may be useful to set out issues of
    securities on different dates as separate
    line items
 Subtract the number of fully paid ordinary                                                            
 securities cancelled during that 12 month
 period

 “A”                                         Nil

+ See chapter 19 for defined terms.


Step 2: Calculate 15% of “A”

“B”                                            0.15

                                               [Note: this value cannot be changed]

Multiply “A” by 0.15

Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has
already been used

Insert number of equity securities issued or   Issues with No Shareholder Approval
agreed to be issued in that 12 month period
not counting those issued:

•   Under an exception in rule 7.2

•   Under rule 7.1A

•   With security holder approval under rule
    7.1 or rule 7.4

Note:
• This applies to equity securities, unless
   specifically excluded – not just ordinary
   securities
• Include here (if applicable ) the
   securities the subject of the Appendix
   3B to which this form is annexed
• It may be useful to set out issues of
   securities on different dates as separate
   line items
“C”

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity
under rule 7.1

“A” x 0.15

Note: number must be same as shown in
Step 2

Subtract “C”

Note: number must be same as shown in
Step 3

Total [“A” x 0.15] – “C”                        [Note: this is the remaining placement capacity under rule
                                               7.1]
      + See chapter 19 for defined terms.



Part 2

        Rule 7.1A – Additional placement capacity for eligible entities

 Step 1: Calculate “A”, the base figure from which the placement
 capacity is calculated

 “A”                                             Not applicable

 Note: number must be same as shown in
 Step 1 of Part 1

 Step 2: Calculate 10% of “A”

 “D”                                             0.10

                                                 Note: this value cannot be changed

 Multiply “A” by 0.10

 Step 3: Calculate “E”, the amount of placement capacity under rule
 7.1A that has already been used

 Insert number of equity securities issued or
 agreed to be issued in that 12 month period
 under rule 7.1A

 Notes:
 • This applies to equity securities – not
    just ordinary securities
 • Include here – if applicable – the
    securities the subject of the Appendix
    3B to which this form is annexed
 • Do not include equity securities issued
    under rule 7.1 (they must be dealt with
    in Part 1), or for which specific security
    holder approval has been obtained
 • It may be useful to set out issues of
    securities on different dates as separate
    line items
 “E”

+ See chapter 19 for defined terms.


 Step 4: Subtract “E” from [“A” x “D”] to calculate remaining
 placement capacity under rule 7.1A

 “A” x 0.10

 Note: number must be same as shown in
 Step 2

 Subtract “E”

 Note: number must be same as shown in
 Step 3

 Total [“A” x 0.10] – “E”

                                         Note: this is the remaining placement
                                         capacity under rule 7.1A




+ See chapter 19 for defined terms.

Johannesburg
3 December 2012

River Group


Date: 03/12/2012 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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