FIRESTONE ENERGY LIMITED - Request for Voluntary Suspension Firestone Energy Limited
FSE 201505080006A
Request for Voluntary Suspension – Firestone Energy Limited
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')
8 May 2015
ASX Limited
Level 40 Central Park
152 - 158 St George's Terrace
PERTH WA 6000
Attn: Ben Tippett By email: tradinghaltsperth@asx.com.au
Dear Ben
Request for Voluntary Suspension - Firestone Energy Limited
Firestone Energy Limited (FSE) hereby requests an extension to its voluntary suspension in the trading
of its securities which is due to expire pre-open on 10 May 2015.
In accordance with ASX Listing Rule 17.2, FSE advises that:
(a) it is seeking the extension to the voluntary suspension to allow time for its parent company, The
Waterberg Coal Company Limited (WCC), to finalise a proposed third party funding
arrangement to replace its existing funding arrangement (Facility) with Standard Bank of South
Africa (SBSA), which is due for repayment on 9 April 2015 (as announced on 17 March 2015).
The completion of discussions and documentation for the replacement funding represents a
significant transaction and the final terms of the proposal will impact FSE's ability to carry out
its future objectives;
(b) WCC has advised that SBSA will maintain the Facility as "on demand", rolling daily basis to give
the discussions time to progress;
(c) FSE is of the view that re-instatement of trading for its securities at this time is likely to be materially
prejudicial to WCC's ability to successfully complete the complex funding transaction contemplated
which is critical to both WCC's and FSE's financial viability.
(d) it expects the voluntary suspension to remain in place until the earlier of:
(i) the date that it has made an announcement in respect of WCC's proposed funding
arrangement; and
(ii) commencement of trade on 10 June 2015;
(e) it is not aware of any reason why the securities should not be suspended; and
(f) is not aware of any other information necessary to inform the market about the suspension.
Yours faithfully
E L (Lee) Boyd
Company Secretary
Firestone Energy Limited
Johannesburg
8 May 2015
Sponsor
River Group
Date: 08/05/2015 08:59:00 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.
