Forte Energy NL
LSE : FTE

August 16, 2013 10:58 ET

Issue of Equity

                                                                                        Forte Energy NL
                                                                                                       
                                                                                            AIM Release
                                                                                                    
16 August 2013


                              SHARE ISSUE FOR FIRST TRANCHE OF PLACEMENT


Forte  Energy  NL  ("Forte  Energy"  or "the Company") (ASX/AIM: FTE)  announces  that  it  has  issued
42,000,000  fully  paid ordinary shares in the Company under the first tranche of the  share  placement
announced on 15 August 2013.

The  shares  were  issued pursuant to the Company's 15% placement authority at a  price  of  0.4  pence
(approximately  0.7 cents) per share, raising £168,000 (approximately A$285,000) before  expenses.  The
shares  were issued to new and existing institutional shareholders and sophisticated investors  in  the
United Kingdom, North America, Asia and Australia.

Application  has  been  made for the new shares to be admitted to trading on  both  the  ASX  and  AIM.
Trading in the new shares is expected to occur on AIM on 19 August 2013.





For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                          Tel: +44 (0) 203 3849555

Stuart Laing
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2506
(AIM Nominated Adviser to the Company)

Geoff Nash/Ben Thompson                  Tel: +44 (0)207 220 0500
Elizabeth Johnson (broking)
finnCap


Bobby Morse/Cornelia Browne
Buchanan                                 Tel: +44 (0) 207 466 5000



Forte Energy NL

Australia                                United Kingdom

Suite 3, Level 3                         3C Princes House
1292 Hay Street                          38 Jermyn Street
West Perth WA 6005                       London SW1Y6DN
Ph: +61 (0)8 9322 4071                   Ph: +44 (0)203 3847474
Fax: +61 (0)8 9322 4073                  Fax: +44 (0)207 2878387
Email: info@forteenergy.com.au           Email: info@forteenergy.co.uk
Web: www.forteenergy.com.au
ACN: 009 087 852

Contact Information

  • Forte Energy NL