Forte Energy NL Revised Transaction Funding Agreement
February 19 2016 - 1:00AM
UK Regulatory
TIDMFTE
Revised Transaction Funding Agreement
Forte Energy NL
ACN 009 087 852
AIM Release
19 February 2016
Revised Transaction Funding Agreement
Forte Energy NL ("Forte" or "the Company") (AIM: FTE), is pleased to advise that the convertible loan
agreement with DJ Family Trust ("DJFT") announced on 17 December 2015 has been revised to provide
additional transaction funding whilst the Company progresses the acquisition of BOS GLOBAL Limited ("BGL").
Under the revised agreement, the initial loan amount has been recognised as GBP100,000 and the Company may
draw up to GBP400,000 additional funding via Convertible Notes. The key terms for the revised Convertible
Loan Note agreement are as follows:
* Maximum principal available under the facility: GBP500,000;
* Maturity date: 2 years from date of issue;
* Interest: interest will be charged at 20% per annum if the loan is repaid to the lender,
however no interest will apply should the lender elect to convert the loan amount, and
* Conversion price: the lender may elect to convert all or part of the loan at 80% of an
weighted market price calculated from selected trading days during the 5 trading days prior to
conversion.
As announced on 7 January 2016, the acquisition of BGL Shares by Forte (the "Acquisition") will be treated
as a reverse takeover under the AIM Rules for Companies and will be subject to the approval of Forte
shareholders.
Forte is preparing a notice of meeting to seek the approval of Forte shareholders for the Acquisition, and
apply for admission to AIM as a business and financial technology ("FinTech") company. Trading in Forte's
shares on AIM remains suspended pending publication of an admission document or termination of the
Acquisition.
BGL is an unlisted Australian public company focused on the aggregation of cloud technology investments
targeting banks, financial institutions, insurers and professional consulting organisations. BGL has
extensive FinTech experience with its established network of professional investment, enterprise sales,
product marketing, product design, software development and support capabilities worldwide. BGL has
publicly stated its objective to be a listed organisation in UK, Australia and United States over the
coming five years. This transaction is the first step to achieving its stated goals for shareholders. For
further corporate information about BGL visit www.bosglobal.biz .
The Company looks forward to imminently providing shareholders with an updated timetable for the
transaction.
For further information contact:
Mark Reilly, Managing Director
Forte Energy NL Tel: +61 (0) 8 9322 4071
Oliver Morse
RFC Ambrian Ltd Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)
Forte Energy NL
Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: info@forteenergy.com.au
Web: www.forteenergy.com.au
Forte Energy NL
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February 19, 2016 02:00 ET (07:00 GMT)
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