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FIRESTONE ENERGY LIMITED - Correction to announcement on extension of time for despatch of its Targets Statement

Release Date: 01/03/2013 07:12
Code(s): FSE     PDF:  
Wrap Text
Correction to announcement on extension of time for despatch of its Target’s Statement

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
          1 March 2013
                                                                                              independent, Australian exploration and
                                                                                              development company listed on the
                                                                                              Australian Stock Exchange Ltd (ASX) and
             Correction to announcement on extension of time for despatch of its              the Johannesburg Stock Exchange (JSE).
                                    Target’s Statement                                        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”) wishes       interests in the Waterberg Coal Project
          to advise that the announcement made to the ASX by FSE on 26 February 2013 in       located in Lephalale area, Limpopo Province,
          relation to the extension of time for dispatch its Target's Statement contained a   South Africa.
          minor error. The announcement incorrectly stated that FSE will dispatch its
          Target's Statement by no later than Friday 14 March 2013, which should have         The first stage of the project is to develop the
          read Thursday 14 March 2013."                                                       Smitspan mine which has a substantial
                                                                                              measured thermal coal resource and to
                                                                                              develop the Vetleegte mine which is a
                                                                                              substantial metallurgical coal deposit.
          Yours sincerely,
                                                                                              Firestone Energy is committed to becoming a
                                                                                              profitable independent coal and energy
                                                                                              producer at its projects in South Africa,
          David Knox                                                                          thereby making a substantial contribution to
          Chief Executive Officer                                                             the social and economic development of the
          www.firestoneenergy.com.au                                                          Lephalale area and South Africa.
          Tel: Australia (+61 08 9287 4600)
               South Africa (+27 11 706 3548)                                                 Corporate Details
                                                                                                                                   ASX: FSE
                                                                                                                                   JSE: FSE

                                                                                                                              Issued Capital:
                                                                                                               3,549 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
                                                                                                                               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

Sponsor
River Group
1 March 2013



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