Forte Energy NL
AIM : FTE

June 10, 2016 09:31 ET

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 £50,000 under its £300,000 convertible loan note  facility
with  Capresi  Consolidated Limited ("Capresi"). There have been no further drawdowns  under  the  £600,000
convertible loan note facility with DJ Family Trust ("DJFT").

To date Forte has:

    *       drawn down a total of £100,000 from DJFT, leaving a balance of £500,000 available for drawdowns
            under that facility; and

    *       drawn down a total of £100,000 from Capresi, leaving a balance of £200,000 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

Contact Information

  • Forte Energy NL