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FIRESTONE ENERGY LIMITED - Takeover bid by Range River Gold Limited Target's Statement

Release Date: 18/03/2013 17:00
Code(s): FSE     PDF:  
Wrap Text
Takeover bid by Range River Gold Limited – Target's Statement

   FIRESTONE ENERGY LIMITED
   (Incorporated in Australia)
   (Registration number ABN 058 436 794)                                             About Firestone Energy
   Share code on the JSE Limited: FSE
                                                                                     Firestone Energy Limited is an
   Share code on the ASX: FSE
                                                                                     independent, Australian exploration and
   ISIN: AU000000FSE6
                                                                                     development company listed on the
   (SA company registration number 2008/023973/10)
                                                                                     Australian Stock Exchange Ltd (ASX) and
   ("FSE" or "the Company")
                                                                                     the Johannesburg Stock Exchange (JSE).
                                                                                     Firestone Energy has entered into a Joint
                                                                                     Venture with Sekoko Resources (Pty) Ltd
18 March 2013                                                                        through which Firestone Energy has
                                                                                     acquired the right to 60% participation
                                                                                     interests in the Waterberg Coal Project
                                                                                     located in Lephalale area, Limpopo Province,
       Takeover bid by Range River Gold Limited – Target's Statement                 South Africa.

South African shareholders are advised that FSE has published the target             The first stage of the project is to develop the
statement relating to the offer on the company website and on the ASX at             Smitspan mine which has a substantial
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=FS              measured thermal coal resource and to
E, by way of service pursuant to item 14 of section 633(1) of the Corporations Act   develop the Vetleegte mine which is a
2001 (Cth) in response to the off-market takeover bid by Range River Gold Limited    substantial metallurgical coal deposit.

(Bidder) today.
                                                                                     Firestone Energy is committed to becoming a
                                                                                     profitable independent coal and energy
The Target's Statement was lodged with the Australian Securities and Investments     producer at its projects in South Africa,
Commission and provided to the Bidder today.                                         thereby making a substantial contribution to
                                                                                     the social and economic development of the
Yours sincerely,                                                                     Lephalale area and South Africa.

                                                                                     Corporate Details
                                                                                                                          ASX: FSE
David Knox                                                                                                                JSE: FSE
Chief Executive Officer
www.firestoneenergy.com.au                                                                                           Issued Capital:
                                                                                                      3,549 million ordinary shares
Tel: Australia (+61 08 9287 4600)
     South Africa (+27 11 706 3548)                                                                           Major Shareholders:
                                                                                                       Sekoko Resources (Pty) Ltd
18 March 2013                                                                                                      Linc Energy Ltd
                                                                                                           BBY Nominees Pty Ltd
Sponsor                                                                                                  Bell Potter Nominees Ltd

                                                                                                           Directors and Officers
River Group
                                                                                                       Non Executive Directors:
                                                                                                       Mr Tim Tebeila (Chairman)
                                                                                                 David Perkins (Deputy Chairman)
                                                                                                                  Dr Pius Kasolo
                                                                                                                  Ben Mphahlele
                                                                                                                Kobus Terblanche
                                                                                                                      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
                                                                                                         Tel: +61 (08) 9287 4600
                                                                                               Web: www.firestoneenergy.com.au

Date: 18/03/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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