Forte Energy NL
23 April 2014
Share Subscription in European Uranium Resources Ltd
Forte Energy NL ("Forte" or "the Company") (ASX/AIM: FTE) is pleased to announce that it has completed
its private subscription for shares and warrants in the capital of European Uranium Resources Ltd
("European Uranium") as part of the asset acquisition agreement announced on 4 April 2014.
The subscription was for 1,111,111 units for a total amount of CAD$ 100,000, based on a price per unit of
CAD$ 0.09. Each unit comprises one ordinary shares and one half of one share purchase warrant, for a
total of 1,111,111 ordinary shares in European Uranium and 555,555 warrants with two-year expiry period
to purchase shares in European Uranium at CAD$0.15 per share. In accordance with Canadian regulations,
these securities are subject to a hold period until 17 August 2014.
European Uranium is listed on the Ventures Exchange of the Toronto Stock Exchange (as well as on the
OTCQX and Frankfurt exchanges) and has interests in a portfolio of uranium assets in Slovakia which Forte
has agreed to acquire.
The Acquisition will be effected by a purchase by Forte of European Uranium's Slovakian uranium assets on
the following terms:
1. Forte will issue 854,875,000 fully paid ordinary shares @ AUD$0.008 per share (approximately
0.44 pence) with an approximate value of CAD$ 7,000,000 to be distributed on a pro-rata basis
to the shareholders of European Uranium;
2. Forte will issue 61,062,500 fully paid shares @ AUD$0.008 per share (approximately 0.44 pence)
with an approximate value of CAD$ 500,000 to European Uranium;
3. Forte will pay CAD$ 1,000,000 to European Uranium upon completion; and
4. Forte will grant European Uranium a 1% production royalty over the licences in perpetuity.
Final acquisition documentation including a Notice of Meeting for shareholders is being prepared and the
company will notify shareholders of the indicative time frame in due course. Please refer to the
announcement of 4 April 2014 for further details.
For further information contact:
Mark Reilly Geoff Nash/Ben Thompson
Managing Director Elizabeth Johnson (broking)
Forte Energy NL finnCap
Tel: +61 (0)8 9322 4071 Tel: +44 (0)207 220 0500
Bobby Morse/Gordon Poole Oliver Morse/Trinity McIntyre
Buchanan RFC Ambrian Ltd
Tel: +44 (0) 207 466 5000 (AIM Nominated Adviser to the Company)
Tel: +61 (0) 8 9480 2500
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