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FIRESTONE ENERGY LIMITED - Firestone reiterates take no action following despatch of the Bidders Statement by Range River Gold Limited

Release Date: 15/02/2013 09:00
Code(s): FSE FSEO1     PDF:  
Wrap Text
Firestone reiterates take no action following despatch of the Bidder’s Statement by Range River Gold Limited

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
          15 February 2013
                                                                                              independent, Australian exploration and
                                                                                              development company listed on the
                                                                                              Australian Stock Exchange Ltd (ASX) and
            Firestone reiterates take no action following despatch of the Bidder’s            the Johannesburg Stock Exchange (JSE).
                           Statement by Range River Gold Limited                              Firestone Energy has entered into a Joint
                                                                                              Venture with Sekoko Resources (Pty) Ltd
                                                                                              through which Firestone Energy has
                                                                                              acquired the right to 60% participation
          Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or “Firestone”) has          interests in the Waterberg Coal Project
          reaffirmed its advice to shareholders to TAKE NO ACTION on the proposed off-        located in Lephalale area, Limpopo Province,
          market takeover offer from Range River Gold Limited (ASX: RNG) (“Range River”)      South Africa.
          following confirmation of the despatch of the Bidder’s Statement to FSE
          shareholders.                                                                       The first stage of the project is to develop the
                                                                                              Smitspan mine which has a substantial
          Firestone will respond formally through a Target’s Statement in due course. Until   measured thermal coal resource and to
                                                                                              develop the Vetleegte mine which is a
          Firestone provides Firestone shareholders with a formal recommendation all
                                                                                              substantial metallurgical coal deposit.
          Firestone shareholders should TAKE NO ACTION in relation to the Range River
          offer.                                                                              Firestone Energy is committed to becoming a
                                                                                              profitable independent coal and energy
          All Firestone announcements are available on the Company’s website                  producer at its projects in South Africa,
          on www.firestoneenergy.com.au and via www.asx.com.au.                               thereby making a substantial contribution to
                                                                                              the social and economic development of the
          Yours sincerely,                                                                    Lephalale area and South Africa.

                                                                                              Corporate Details
                                                                                                                                   ASX: FSE
                                                                                                                                   JSE: FSE
          David Knox
                                                                                                                              Issued Capital:
          Chief Executive Officer                                                                              3,549 million ordinary shares
          www.firestoneenergy.com.au
          Tel: Australia (+61 08 9287 4600)                                                                            Major Shareholders:
                                                                                                                Sekoko Resources (Pty) Ltd
          South Africa (+27 11 706 3548)
             
          Sponsor: River Group
          
          15 February 2013
          Johannesburg
          
                                                                                                                    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
                                                                                                                               David Hillier
                                                                                                                               Oren Zohar
                                                                                                                               Jack James

                                                                                                                               Officers:
                                                                                                                     Mr David Knox CEO
                                                                                                                 Ms Amanda Matthee CFO
                                                                                                       Mr Jerry Monzu Company Secretary


                                                                                                                                  Contact:
                                                                                                               Suite B9, 431 Roberts Road
                                                                                                           Subiaco, Western Australia 6008




286306NIK/3553484.2

Date: 15/02/2013 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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