Forte Energy NL
AIM : FTE

April 20, 2016 02:00 ET

Drawdown on Convertible Note

                                                                                           Forte Energy NL
                                                                                           ACN 009 087 852
                                                                                                          
                                                                                               AIM Release
                                                                                             20 April 2016

Drawdown on Convertible Note

Forte  Energy  NL  ("Forte" or "the Company") (AIM: FTE), advises that it has today drawn  down  a  further
£50,000 under the convertible loan facility with DJ Family Trust ("DJFT").

Under the terms of the revised agreement announced on 19 February 2016, the total funds available under the
facility  is  £500,000. Today's drawdown of £50,000 brings the total amount drawn down so far  to  £150,000
leaving a balance of £350,000 available for future drawdowns.

The  Company is continuing work with its advisors to finalise a notice of meeting for shareholders and  the
AIM admission document for the proposed reverse takeover by BOS GLOBAL Limited ("BGL").

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

Contact Information

  • Forte Energy NL