Forte Energy NL

January 06, 2016 02:00 ET

Share Issue for Darwin Conversion Notice

                                                                                       Forte Energy NL
                                                                                           AIM Release
                                                                                        6 January 2016

Share Issue for Darwin Conversion Notice

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

Forte  Energy announces the allotment of 1,120,071,685 fully paid ordinary shares ("Conversion Shares")
in  the  Company to Darwin Capital Limited ("Darwin"). The Conversion Shares were issued following
the  receipt of a conversion notice from Darwin in relation to the convertible loan notes announced  on
26 March 2015.

The Conversion Shares were issued at 0.004464 pence per share for the exercise of conversion rights  in
respect of £50,000 of Convertible Loan Notes. Following this share issue, Convertible Loan Notes issued
in March 2015 for £300,000 remain outstanding.

As  the  company  is currently suspended, admission to trading on the AIM market of  the  London  Stock
Exchange  ("AIM")  will  be delayed until either the Company is readmitted, having  published  its  new
admission  document, or the suspension has been lifted. Following the issue of the  Conversion  Shares,
Forte Energy now has 13,685,311,607 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
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