Forte Energy NL

December 01, 2014 02:58 ET

Issue of Equity

                                                                                       Forte Energy NL
                                                                                           AIM Release
                                                                                     1 December 2014

Share Issue for Darwin Conversion Notice

Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE)

Forte Energy announces the allotment of 330,000,000 fully paid ordinary shares ("Conversion Shares") in
the  Company  to Darwin Strategic Limited ("Darwin"). The Conversion Shares have been issued  following
the  receipt  of  a conversion notice from Darwin in accordance with the terms of the Convertible  Loan
Note issued in April 2014.

The  Conversion  Shares were issued at 0.08 pence per share for the exercise of  conversion  rights  in
respect  of  £264,000 of the total Convertible Loan Note amount of £481,250. Following this  conversion
there is a residual loan note balance of £17,250.

For  more information on the allotment of the Conversion Shares please see the Appendix 3B announcement
made by the Company at

Application  has  also  been  made  to the AIM market of the London  Stock  Exchange  ("AIM")  for  the
Conversion  Shares to be admitted to trading on AIM from 2 December 2014. Following  admission  of  the
Conversion Shares Forte Energy will have 2,459,960,431 shares in issue.

Murray Wylie
Company Secretary

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                         Tel: +61 (0) 8 9322 4071

Oliver Morse / Trinity McIntyre
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

Contact Information

  • Forte Energy NL