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FIRESTONE ENERGY LIMITED - Application made to Takeovers Panel

Release Date: 19/04/2013 08:19
Code(s): FSE FSEO1     PDF:  
Wrap Text
Application made to Takeovers Panel

 


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                                                                    independent, Australian exploration and
                                                                        development company listed on the
                                                                        Australian Stock Exchange Ltd (ASX) and
                                                                        the Johannesburg Stock Exchange (JSE).
          Application made to Takeovers Panel                           Firestone Energy has entered into a Joint
                                                                        Venture with Sekoko Resources (Pty) Ltd
                                                                        through which Firestone Energy has
Firestone Energy Limited (ASX/JSE:FSE) (“Firestone” or the              acquired the right to 60% participation
“Company”) wishes to advise Shareholders that the Company has           interests in the Waterberg Coal Project
made an application to the Takeovers Panel, seeking a declaration of    located in Lephalale area, Limpopo Province,
                                                                        South Africa.
unacceptable circumstances in respect of the takeover offer made by
Range River Gold “RNG”, since renamed, The Waterberg Coal               The first stage of the project is to develop the
Company Limited “WCC”.                                                  Smitspan mine which has a substantial
                                                                        measured thermal coal resource and to
                                                                        develop the Vetleegte mine which is a
Firestone will update Shareholders in due course with the findings of
                                                                        substantial metallurgical coal deposit.
the Takeovers Panel.
                                                                        Firestone Energy is committed to becoming a
                                                                        profitable independent coal and energy
                                                                        producer at its projects in South Africa,
                                                                        thereby making a substantial contribution to
                                                                        the social and economic development of the
                                                                        Lephalale area and South Africa.

                                                                        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
Yours sincerely,
                                                                                              Directors and Officers

                                                                                          Non Executive Directors:
                                                                                          Mr Tim Tebeila (Chairman)
                                                                                    David Perkins (Deputy Chairman)
David Knox                                                                                            Dr Pius Kasolo
                                                                                                     Ben Mphahlele
Chief Executive Officer                                                                            Kobus Terblanche
www.firestoneenergy.com.au                                                                               Oren Zohar
Tel: Australia (+61 08 9287 4600)                                                                        Jack James
       South Africa (+27 11 706 3548)                                                                    Officers:
                                                                                                  Mr David Knox CEO
                                                                                              Ms Amanda Matthee CFO
19 April 2013
Johannesburg

Sponsor
River Group                                                                              Mr Jerry Monzu Company Secretary


                                                                                                             Contact:
                                                                                         Suite B9, 431 Roberts Road
                                                                                     Subiaco, Western Australia 6008
                                                                                             Tel: +61 (08) 9287 4600

Date: 19/04/2013 08:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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