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FSE
FSE
FSE - Firestone Energy Limited - Notice of amendment of resolution to be
proposed at the general meeting to be held on Wednesday 9 September 2009
FIRESTONE ENERGY LIMITED
(formerly: Centralian Minerals 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")
Notice of amendment of resolution to be proposed at the general meeting to be
held on Wednesday 9 September 2009
You should have received the Notice of General Meeting (Notice) of Firestone
Energy Limited (Firestone or Company) for the meeting to be held at 9.00am on 9
September 2009 (Meeting).
Shareholders are advised that the board of directors of Firestone will propose
an amendment to Resolution 10 set out in the Notice at the Meeting.
Resolution 10 seeks an authorisation for Firestone to issue up to 500 million
new ordinary shares in Firestone (Shares) at an issue price (Minimum Price) of
not less than 80% of the volume weighted average trading price of Firestone`s
shares on ASX over the 5 trading days prior to the date of issue of those
shares.
It is proposed to amend the Minimum Price set out in Resolution 10 to a fixed
price of $0.04 per Share, which is 10.9% below the volume weighted average
trading price of Shares on ASX up to and including 2nd September 2009. This
amendment is expected to facilitate Firestone`s proposed capital raising
initiatives to be implemented (if Resolution 10 is approved) by providing for a
fixed Minimum Price that will not fluctuate depending on the timing of issue of
the shares.
The amended resolution 10 in the Notice to be considered at the Meeting will
read as follows:
Resolution 10 - Issue of Shares
To consider and, if thought fit, to pass the following resolution as an ordinary
resolution:
"That, subject to and conditional upon the passing of Resolution 9, for the
purpose of Listing Rule 7.1 of the Listing Rules of ASX and for all other
purposes, the Company be authorised to allot and issue up to 500,000,000 fully
paid ordinary shares in the capital of the Company at an issue price of not less
than $0.04 per share."
Changes to explanatory statement
References to "at a price not less than 80% of the volume weighted average
trading price of the Company`s Shares on ASX in/over the 5 trading days prior to
the date of issue of the Shares" in the section of the explanatory statement
relating to Resolution 10 contained within the Notice should be taken as
references to "$0.04 per Share".
Other than the effect on the Minimum Price, the change has no effect on the
nature or substance of Resolution 10, or the information outlined in the
explanatory statement contained in the Notice.
Pretoria
03 September 2009
Sponsor
River Group
Date: 03/09/2009 08:01:03 Produced by the JSE SENS Department.
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