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Firestone Energy Ltd Announces Closing Of Takeover Offer From The Waterberg Coal Company Limited


Thursday, 10 Oct 2013 06:10am EDT 

Firestone Energy Ltd announced that as announced on December 17, 2012 The Waterberg Coal Company Limited (WCC) made a Venture with Sekoko Resources (Pty) Ltd takeover offer (Takeover Offer) in respect of all of the issued share capital in Firestone. WCC closed the takeover offer on September 23, 2013 resulting in WCC acquiring 1,148,632,708 fully paid ordinary shares in the capital of Firestone (FSE Shares), being a 32.36% interest therein. In addition, WCC acquired 480,000,000 FSE Shares from Sekoko Resources South Africa. (Proprietary) Limited (Sekoko Resources) outside of the Takeover Offer, being a 13.52% interest therein. As a result, WCC holds 1,628,632,708 FSE Shares, being a cumulative 45.88% interest in the total FSE Shares on issue. 

Company Quote

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27 Nov 2014