|
FSE
FSE
FSE - Firestone Energy Limited - Funding and proposed issue of shares
FIRESTONE ENERGY LIMITED
(formerly Centralian Minerals Limited)
(Registration number: ABN 058 436 794)
(SA company registration number: 200/023973/10
Share code on the JSE: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
("FSE" or "the Company")
Funding and proposed issue of shares
Firestone Energy Limited (ASX:FSE / JSE:FSE) ("Firestone" or "the Company") is
pleased to announce that it has received firm commitments to receive A$2.68
million of funding through loans ("Loans") from sophisticated and professional
investors ("Lenders"). Interest of 9% per annum is payable on the Loans.
The funds are intended to be used for progressing the Company`s Waterberg Coal
joint venture with Sekoko Coal (Pty) Ltd and for other short term working
capital requirements.
The Lenders have agreed, subject to Firestone obtaining shareholder approval, to
apply the proceeds of repayment of the Loans to subscribe for fully paid
ordinary shares in Firestone ("New Shares") at a price of $0.04 per share.
In accordance with Listing Rule 3.10.3, the Company provides the following
additional details of the proposed issue of the New Shares:
- The maximum number of New Shares proposed to be issued is 67 million New
Shares.
- The New Shares will, if issued, rank equally with existing ordinary shares
in Firestone from their date of issue.
- The Company will seek shareholder approval under Listing Rule 7.1 for the
issue of the New Shares at its general meeting to be held on 9 September
2009 (or at the Company`s next general meeting if the terms of the proposed
issue do not fall within the scope of the approval to be sought at that
meeting).
- The New Shares, if issued, will be issued to the Lenders, who are
sophisticated and professional investors within the meaning of section 708
of the Corporations Act 2001.
For more information please contact:
Garth Higgo
Chief Executive Officer
+61 (08) 9381-2755
www.firestoneenergy.com.au
Pretoria
21 August 2009
Sponsor
River Group
Date: 21/08/2009 08:23:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
