Wrap Text
Board Changes and Requisition for Shareholders Meeting Withdrawn
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
14 June 2013
independent, Australian exploration and
development company listed on the
Australian Stock Exchange Ltd (ASX) and
Board Changes and Requisition for Shareholders Meeting Withdrawn the Johannesburg Stock Exchange (JSE).
Firestone Energy has entered into a Joint
Firestone Energy Limited (ASX/JSE: FSE) (the “Company”, "FSE" or “Firestone”) Venture with Sekoko Resources (Pty) Ltd
through which Firestone Energy has
announces that there have been several Board changes and as a consequence
acquired the right to 60% participation
Waterberg Coal Company Limited (ASX: WCC) has withdrawn its s249D requisition
interests in the Waterberg Coal Project
to convene a shareholders' meeting to seek the removal of David Perkins as a located in Lephalale area, Limpopo Province,
Director announced on 24 May 2013. South Africa.
The Board changes comprise: The first stage of the project is to develop the
Smitspan mine which has a substantial
• The resignation of Mr David Perkins, Deputy Chairman and Mr Jack James measured thermal coal resource and to
develop the Vetleegte mine which is a
and Mr Oren Zohar; and
substantial metallurgical coal deposit.
• The appointment of Mr Brian McMaster and Mr Stephen Miller and FSE's Firestone Energy is committed to becoming a
current CEO, Mr David Knox. profitable independent coal and energy
producer at its projects in South Africa,
thereby making a substantial contribution to
FSE Chairman, Mr Tim Tebeila said "I would like to thank Mr Perkins for his the social and economic development of the
dedicated service to the Company and his valuable contribution to Board Lephalale area and South Africa.
discussions and helping guide the Company through a significant period in the
Corporate Details
Company's development. We wish him well in his future endeavours." ASX: FSE
JSE: FSE
Mr Perkins was first appointed to the Board in January 2011 and has served as the
Issued Capital:
Company's Chairman and most recently as Deputy Chairman. 3,549 million ordinary shares
Mr James and Mr Zohar were appointed to the Firestone Board in January 2013 Major Shareholders:
The Waterberg Coal Company Ltd
following an investment in FSE by WCC subsidiary, Ariona Company SA. Sekoko Resources (Pty) Ltd
Linc Energy Ltd
BBY Nominees Pty Ltd
Mr Tebeila welcomed the new directors on the Board stating "We are delighted to
have Brian and Stephen join the Board with their wealth of experience and to have Directors and Officers
David Knox our CEO, now join the Board as a director. We look forward to
Non Executive Directors:
working with them in the future". Mr Tim Tebeila (Chairman)
Dr Pius Kasolo
Some bio details for Mr McMaster and Mr Miller as set out below: Ben Mphahlele
Kobus Terblanche
Brian McMaster
Stephen Miller
Stephen Miller
Officers:
Mr David Knox CEO and Executive Director
Mr Miller has 25 years’ experience investing and executing corporate finance, Ms Amanda Matthee CFO
mergers and acquisitions opportunities in the resources sector. Mr Jerry Monzu Company Secretary
Mr Miller established Resource Venture Capital Partners (RVCP) which is Contact:
dedicated to investment opportunities in the natural resources sector. RVCP is Suite B9, 431 Roberts Road
involved in corporate reorganizations and restructurings, direct investments plus Subiaco, Western Australia 6008
Tel: +61 (08) 9287 4600
substantial debt and equity capital raisings for project startups, developments, Web: www.firestoneenergy.com.au
and corporate takeovers.
Mr Miller has also been a director, founder and chief executive officer of a number of successful
resource companies listed in the Australian and North American exchanges including East Africa Gold
Corporation, Western Metals Limited and Defiance Mining Corporation.
Mr Miller is a member of the Institute of Chartered Accountants Australia, a Fellow of the Australian
Institute of Company Directors and previously a Director on the Australian Gold Council.
Mr Miller’s qualifications include a CA, BBus and FAICD.
Brian McMaster
Mr McMaster is a Chartered Accountant and has almost 20 years’ experience in the area of corporate
reconstruction, and turnaround/performance improvement. Mr McMaster’s experience includes
numerous reorganizations and turnaround’s including being instrumental in the recapitalisation and
listing of 12 Australian listed companies. Mr McMaster’s experience includes significant working
periods in the United States, South America, Asia and India.
Mr McMaster is currently a director of the following ASX listed entities, Caravel Energy Limited, Lindian
Resources Limited, Paradigm Metals Limited, Wolf Petroleum Ltd and Black Star Petroleum Limited. Mr
McMaster is also a director in venture capital and advisory firm Garrison Capital Pty Ltd.
Yours sincerely,
David Knox
Executive Director
www.firestoneenergy.com.au
Tel: Australia (+61 08 9287 4600)
South Africa (+27 11 706 3548)
14 June 2013
Sponsor
River Group
2
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