Forte Energy NL

October 31, 2013 04:34 ET

Share Issue - Second Tranche of Placement

                                                                                            Forte Energy NL
                                                                                               AIM Release

31 October 2013

                                SHARE ISSUE - SECOND TRANCHE OF PLACEMENT.

Forte  Energy  NL  ("Forte  Energy" or "the Company") (ASX/AIM: FTE) announces that  it  has  today  issued
184,875,000  fully paid ordinary shares in the Company completing the second tranche of the  revised  share
placement  announced 16 September 2013. The shares were issued at 0.4 pence (approximately 0.68  Australian
cents)  each  to  new  and existing institutional shareholders and sophisticated investors  in  the  United
Kingdom, North America, Asia and Australia.

The  placement  was  carried  out in two tranches. £168,000 (approximately  A$285,000)  was  raised  before
expenses in the first tranche completed on 16 August 2013 (and subsequently ratified at the general meeting
held  today).  A  further £739,500 (approximately A$1.25 million) before expenses has been  raised  in  the
second  tranche which was completed following receipt of shareholder approval at the general  meeting  held

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 or around 1 November 2013.

For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                          Tel: +44 (0) 203 384 7474

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)

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:           Email:
ACN: 009 087 852

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  • Forte Energy NL