| Thu 30 Sep 2010, 12:50 | | FSE - Firestone Energy Limited - Resignation / Appointment of a Director |
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FSE
FSE
FSE - Firestone Energy Limited - Resignation / Appointment of a Director
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")
Resignation / Appointment of a Director
Ms Amanda Matthee, has tendered her resignation as a Director of the Company and
will leave the company at the close of business today. The Company wishes to
thank Ms Matthee for her past contributions and wishes her well on her future
endeavours.
The Company has appointed Mr Sizwe Nkosi to replace Ms Matthee as Executive
Director Finance of Firestone Energy Limited and its subsidiaries with effect
from the 3rd of November 2010. Sizwe is a registered South African Chartered
Accountant and has a MBA degree from the University of Cape Town`s Graduate
School of Business.
Sizwe brings a wealth of experience to Firestone. Prior to joining the Company
some three years ago his major prior expertise was with a reputable South
African merchant and investment bank, Investec Bank Limited "Investec", with a
role focussed in mergers and acquisitions. Prior to his position with Investec
Sizwe was employed by Foskor Limited as a financial manager and De Beers as the
Senior Management Accountant.
Sizwe`s role at the Company has been in marketing, logistics and rail,
downstream projects and financial modelling, including negotiating the Joint
Venture agreements between Sekoko Resources and Firestone Energy Limited. He has
been, and will continue to be, a key person in the negotiation of potential
offtake agreements and cornerstone investors.
The Company is fortunate and pleased to appoint a Financial Director of Sizwe`s
calibre. Further information can be obtained by contacting the persons below on
+61 (08) 9381-2755.
John Dreyer
Chairman
Jerry Monzu
Company Secretary
About the Company
Firestone Energy is an independent Australian exploration company focused on
developing coal projects in South Africa. The company is currently exploring the
richly endowed Waterberg coal field in the Limpopo Province of South Africa.
The Company is committed to value-added growth through becoming an independent
coal and energy producer at its projects in South Africa.
The Company has entered into three joint ventures with Sekoko Resources, a South
African black empowerment company (BEE) and Sekoko has two directors on the
Board of Firestone Energy.
Corporate Details
ASX: FSE
JSE: FSE
Issued Capital:
2,331 million ordinary shares
Major Shareholders:
Sekoko Resources (Pty) Ltd
Colbern Fiduciary Nominees Ltd
Bell Potter Nominees Ltd
Directors and Officers:
Non Executive Directors:
John Dreyer (Chairman)
Timothy Tebeila (Deputy Chairman)
Colin McIntyre
John Wallington
Company Secretary
Jerry Monzu
Contact:
Level 1, 63 Hay Street
Subiaco, Western Australia 6008
Tel: +61 (0)8 9381 2755
Web: www.firestoneenergy.com.au
Pretoria
30 September
Sponsor and Corporate Advisor
River Group
Date: 30/09/2010 12:50:01 Produced by the JSE SENS Department.
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