sarb approval through, page-9

From a report yesterday in the Miners Weekly, reinforcing what we know, and is a little bit of advertising for FSE:

Firestone Energy’s secondary listing on JSE approved
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By: Esmarie Swanepoel
Published on 27th October 2008
JOHANNESBURG (miningweekly.com) - The JSE on Monday approved the secondary listing of ASX-listed mineral exploration and mining company Firestone Energy.

The company would start trading on Thursday, under the abbreviated name Firestone.

The Australian company stated that a secondary listing on the Johannesburg bourse would enable it to use shares traded on the JSE as acquisition currency for South African assets, as well as assisting it to raise capital from local investors.

The secondary listing would also help Firestone in the execution of any additional black economic-empowerment transactions, the company stated.

Over the past 18 months, Firestone has conducted a number of due diligence studies on coal opportunities in the Witbank, Highveld, Ermelo, and Klip River coalfields. Firestone stated that following a recent internal review of the coal fields of South Africa, the company has focused its efforts towards securing near-surface open castable coal in the Waterberg coal field, with the intention to pursue both the production of semi-soft coking coal, and steam coal with which Firestone wished to establish itself as an independent power producer.