Forte Energy NL Market Updzate
June 10 2016 - 8:31AM
UK Regulatory
TIDMFTE
Market Updzate
Forte Energy NL
ACN 009 087 852
AIM Release
10 June 2016
Market Update
Forte Energy NL ("Forte" or "the Company") (AIM: FTE), provides the following update to the market in
relation to its corporate activities.
Following the release today of the Company's audited accounts for the half-year ended 31 December 2015, the
Company is in the final stages of preparing its AIM admission document and notice of meeting for
shareholders in respect of the proposed reverse takeover by BOS GLOBAL Limited ("BGL").
In accordance with the AIM Rules for Companies, the Company will be required to notify the market at least
10 days prior to the release of the AIM admission document and expects to make this notification shortly.
After the notice period, the AIM admission document will be lodged and a notice of meeting distributed to
shareholders seeking approval of the reverse takeover.
Forte advises that it has drawn down a further GBP50,000 under its GBP300,000 convertible loan note facility
with Capresi Consolidated Limited ("Capresi"). There have been no further drawdowns under the GBP600,000
convertible loan note facility with DJ Family Trust ("DJFT").
To date Forte has:
* drawn down a total of GBP100,000 from DJFT, leaving a balance of GBP500,000 available for drawdowns
under that facility; and
* drawn down a total of GBP100,000 from Capresi, leaving a balance of GBP200,000 available for
drawdowns under that facility.
These facilities will be employed to fund the costs of the readmission process and to provide working
capital.
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 .
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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June 10, 2016 09:31 ET (13:31 GMT)
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