| Wed 22 Jun 2011, 9:02 | | FSE - Firestone Energy Limited - Firestone Completes Australian and New Zealand |
|
FSE
FSE
FSE - Firestone Energy Limited - Firestone Completes Australian and New Zealand
components of SPP offer
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")
Firestone Completes Australian and New Zealand components of SPP offer
Firestone Energy Limited (Firestone) (ASX/JSE: FSE) wishes to advise
shareholders that the Share Purchase Plan (SPP) (as applicable to Australian and
New Zealand shareholders) has closed and raised a total of $1,702,800 before
costs.
Shareholders (other than related parties of Firestone) who participated in the
SPP have also been granted one free attaching option, exercisable at $0.04 per
share and expiring on 31 May 2014, for every two shares subscribed for under the
SPP.
On 22 June 2011 Firestone will accordingly issue 85,140,000 fully paid ordinary
shares at $0.02 each, along with 42,382,500 free attaching options exercisable
at $0.04 each, to SPP participants. The shares and options are expected to be
quoted on 24 June 2011.
After the finalisation of the Australian and New Zealand components of the SPP,
Firestone`s share capital has increased to 2,781million shares and could further
increase to 2,824million shares if the options are exercised.
The South African component of the SPP is still open in order to give South
African resident shareholders an equivalent offer period (to that granted to
Australian and New Zealand shareholders under the SPP) and will close at 12.00pm
South African time on 8 July 2011. Firestone will thereafter update shareholders
of the results and any subsequent change to the share and option numbers.
On behalf of the Board I would like to thank you for your continuing support and
encourage South African resident shareholders to take part in the SPP.
About Firestone Energy
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 economic empowerment company (BEE) and Sekoko has two directors on
the Board of Firestone Energy.
Corporate Details
ASX: FSE
JSE: FSE
Issued Capital:
2,781 million ordinary shares
Major Shareholders:
Sekoko Resources (Pty) Ltd
BBY Nominees Ltd
Colbern Fiduciary Nominees Ltd
Bell Potter Nominees Ltd
Directors and Officers
Non Executive Directors:
David Perkins (Chairman)
Dr Pius Kasolo
Colin McIntyre
Peter Tshisevhe
Executive Directors:
SizweNkosi
Company Secretary:
Jerry Monzu
Contact:
Suite B9, 431 Roberts Road
Subiaco, Western Australia 6008
Tel: +61 (0)8 9287 4600
Web: www.firestoneenergy.com.au
22 June 2011
Pretoria
Sponsor and Designated Advisor
River Group
Date: 22/06/2011 09:02:01 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.
