Forte Energy NL
AIM : FTE

January 07, 2016 04:21 ET

Offer to BGL Shareholders

                                                                                       Forte Energy NL
                                                                                                      
                                                                                           AIM Release
                                                                                        7 January 2016

Offer to BGL Shareholders


Further to its announcement on 31 December 2015, Forte Energy NL ("Forte" or "the Company") (AIM: FTE),
is  pleased  to announce that the Company has forwarded an offer to the remaining 49.7% of shareholders
of BOS GLOBAL Limited ("BGL") to acquire their BGL Shares on the same terms as those provided to the DJ
Family Trust (the "Offer").

The  acquisition  of  100%  of BGL Shares by Forte (the "Acquisition") will be  treated  as  a  reverse
takeover  under the AIM Rules for Companies.  Consequently it will be subject to the approval of  Forte
shareholders  and, following shareholder approval, the admission of the enlarged Forte  to  trading  on
AIM.

Upon  BGL shareholder acceptance of the terms of the Offer, as soon as practically possible Forte  will
publish  a notice of meeting to seek the approval of Forte shareholders for the Acquisition, and  apply
for  admission to AIM as a financial technology ("FinTech") company. Trading in Forte's shares  on  AIM
remains suspended pending publication of an admission document or termination of the Acquisition.

The Company looks forward to providing further updates as the transaction progresses.



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