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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Forte Energy | LSE:FTE | London | Ordinary Share | AU000000FTE4 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0029 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Issue of Equity
+ See chapter 19 for defined terms.
01/08/2012 Appendix 3B Page 1
Forte Energy NL
ACN 009 087 852
ASX and AIM Release
2 November 2012
Appendix 3B & Cleansing Notice - Finalisation of Placement
Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE)
Attached is an Appendix 3B for the allotment of 3,900,000 fully paid ordinary shares in the Company and
the grant of 1,950,000 unlisted options in accordance with the placement announced 6 June 2012.
The issue of these equities finalises the placement which shareholders approved at the general meeting
held 2 August 2012. Under the placement a total of 177,305,000 shares and 88,642,500 unlisted options
were issued, raising more than GBP2.2 million (A$3.4 million) before expenses.
The 88,652,500 attaching options granted under the placement are exercisable at 3 pence per share on or
before 3 August 2013. One option was granted for each two shares issued under the placement. The
options will not be admitted to trading on either AIM or ASX. The shares and options were issued to
various institutional investors in North America, the United Kingdom, Asia and Australia.
Forte Energy hereby notifies ASX (as the operator of the prescribed financial market on which the Forte
Energy ordinary shares are quoted) under section 708A(5)(e) of the Corporations Act 2001 ("Act") that:
1. the Company issued the shares without disclosure to investors under Part 6D.2 of the Act;
2. at the date of this notice:
(a) the Company has complied with the provisions of Chapter 2M of the Act as they apply to the
Company; and
(b) the Company has complied with section 674 of the Act; and
3. at the date of this notice there is no excluded information (as that expression is defined in
sub-sections 708A(7) and 708A(8) of the Act) in relation to the Company.
Application has also been made to the AIM market of the London Stock Exchange ('AIM') for these shares
to be admitted to trading on AIM.
Murray Wylie
Company Secretary
For further information contact:
Mark Reilly, Managing Director
Forte Energy NL Tel: +44 (0) 203 3849555
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 0550
Elizabeth Johnson (broking)
finnCap
Bobby Morse/Cornelia Browne/Louise Hadcocks
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: info@forteenergy.com.au Email: info@forteenergy.co.uk
Web: www.forteenergy.com.au
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02,
01/01/03, 24/10/05, 01/08/12
Name of entity
Forte Energy NL
ABN
59 009 087 852
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or A) Fully paid ordinary shares
to be issued
B) Unlisted options over unissued shares
2 Number of +securities issued or A) 3,900,000
to be issued (if known) or
maximum number which may be B) 1,950,000
issued
3 Principal terms of the A) Fully paid ordinary shares
+securities (eg, if options,
exercise price and expiry date; B) Unlisted options exercisable at 3 pence
if partly paid +securities, the on or before 3 August 2013
amount outstanding and due dates
for payment; if +convertible
securities, the conversion price
and dates for conversion)
4 Do the +securities rank equally A) Yes
in all respects from the date of
allotment with an existing +class B) No - Unlisted options
of quoted +securities?
If the additional securities do
not rank equally, please state:
* the date from which
they do
* the extent to which
they participate for the next
dividend, (in the case of a
trust, distribution) or interest
payment
* the extent to which
they do not rank equally, other
than in relation to the next
dividend, distribution or
interest payment
5 Issue price or consideration A) 1.25 pence per share
B) One free option for each two shares
issued under placement
6 Purpose of the issue Working capital
(If issued as consideration for
the acquisition of assets,
clearly identify those assets)
6a Is the entity an +eligible entity No
that has obtained security holder
approval under rule 7.1A?
If Yes, complete sections 6b - 6h
in relation to the +securities
the subject of this Appendix 3B,
and comply with section 6i
6b The date the security holder Not applicable
resolution under rule 7.1A was
passed
6c Number of +securities issued Not applicable
without security holder approval
under rule 7.1
6d Number of +securities issued with Not applicable
security holder approval under
rule 7.1A
6e Number of +securities issued with Not applicable
security holder approval under
rule 7.3, or another specific
security holder approval (specify
date of meeting)
6f Number of securities issued under Not applicable
an exception in rule 7.2
6g If securities issued under rule Not applicable
7.1A, was issue price at least
75% of 15 day VWAP as calculated
under rule 7.1A.3? Include the
issue date and both values.
Include the source of the VWAP
calculation.
6h If securities were issued under Not applicable
rule 7.1A for non-cash
consideration, state date on
which valuation of consideration
was released to ASX Market
Announcements
6i Calculate the entity's remaining Not applicable
issue capacity under rule 7.1 and
rule 7.1A - complete Annexure 1
and release to ASX Market
Announcements
7 Dates of entering +securities 2 November 2012
into uncertificated holdings or
despatch of certificates
Number +Class
8 Number and +class of all 872,894,311 Ordinary Shares
+securities quoted on ASX
(including the securities in
section 2 if applicable)
Number +Class
9 Number and +class of all 2,250,000 25 cent partly paid
+securities not quoted on ASX ordinary shares paid to
(including the securities in 1 cent
section 2 if applicable)
4,000,000 Unquoted options
exercisable at A$0.125
on or before 14 April
2015
1,000,000 Unquoted options
exercisable at 6 pence
on or before 1 September
2016
4,500,000 Unquoted options
exercisable at A$0.20 on
or before 24 December
2012
88,652,500 Unquoted options
exercisable at 3 pence
on or before 3 August
2013
10 Dividend policy (in the case of a Not applicable
trust, distribution policy) on
the increased capital (interests)
Part 2 - Bonus issue or pro rata issue
11 Is security holder approval Not applicable
required?
12 Is the issue renounceable or non- Not applicable
renounceable?
13 Ratio in which the +securities Not applicable
will be offered
14 +Class of +securities to which the Not applicable
offer relates
15 +Record date to determine Not applicable
entitlements
16 Will holdings on different Not applicable
registers (or subregisters) be
aggregated for calculating
entitlements?
17 Policy for deciding entitlements Not applicable
in relation to fractions
18 Names of countries in which the Not applicable
entity has +security holders who
will not be sent new issue
documents
Note: Security holders must be
told how their entitlements are to
be dealt with.
Cross reference: rule 7.7.
19 Closing date for receipt of Not applicable
acceptances or renunciations
20 Names of any underwriters Not applicable
21 Amount of any underwriting fee or Not applicable
commission
22 Names of any brokers to the issue Not applicable
23 Fee or commission payable to the Not applicable
broker to the issue
24 Amount of any handling fee payable Not applicable
to brokers who lodge acceptances
or renunciations on behalf of
+security holders
25 If the issue is contingent on Not applicable
+security holders' approval, the
date of the meeting
26 Date entitlement and acceptance Not applicable
form and prospectus or Product
Disclosure Statement will be sent
to persons entitled
27 If the entity has issued options, Not applicable
and the terms entitle option
holders to participate on
exercise, the date on which
notices will be sent to option
holders
28 Date rights trading will begin (if Not applicable
applicable)
29 Date rights trading will end (if Not applicable
applicable)
30 How do +security holders sell Not applicable
their entitlements in full through
a broker?
31 How do +security holders sell part Not applicable
of their entitlements through a
broker and accept for the balance?
32 How do +security holders dispose Not applicable
of their entitlements (except by
sale through a broker)?
33 +Despatch date Not applicable
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 Type of securities
(tick one)
(a) X Securities described in Part 1
(b) All other securities
Example: restricted securities at the end of the escrowed period, partly paid
securities that become fully paid, employee incentive share securities when
restriction ends, securities issued on expiry or conversion of convertible
securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the
information or documents
35 If the +securities are +equity securities, the names of the 20 largest holders of
the additional +securities, and the number and percentage of additional +securities
held by those holders
36 X If the +securities are +equity securities, a distribution schedule of the
additional +securities setting out the number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over 2
37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38 Number of securities for which Not applicable
+quotation is sought
39 Class of +securities for which Not applicable
quotation is sought
40 Do the +securities rank equally in Not applicable
all respects from the date of
allotment with an existing +class
of quoted +securities?
If the additional securities do not
rank equally, please state:
* the date from which they
do
* the extent to which they
participate for the next dividend,
(in the case of a trust,
distribution) or interest payment
* the extent to which they
do not rank equally, other than in
relation to the next dividend,
distribution or interest payment
41 Reason for request for quotation Not applicable
now
Example: In the case of restricted
securities, end of restriction
period
(if issued upon conversion of
another security, clearly identify
that other security)
Number +Class
42 Number and +class of all Not applicable
+securities quoted on ASX
(including the securities in clause
38)
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the
+securities on any conditions it decides.
2 We warrant the following to ASX.
The issue of the +securities to be quoted complies with the law and is not for an
illegal purpose.
There is no reason why those +securities should not be granted +quotation.
An offer of the +securities for sale within 12 months after their issue will not
require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the
securities in order to be able to give this warranty
Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and that no-
one has any right to return any +securities to be quoted under sections 737, 738 or
1016F of the Corporations Act at the time that we request that the +securities be
quoted.
If we are a trust, we warrant that no person has the right to return the +securities
to be quoted under section 1019B of the Corporations Act at the time that we request
that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or
expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or
document not available now, will give it to ASX before +quotation of the +securities begins.
We acknowledge that ASX is relying on the information and documents. We warrant that they are
(will be) true and complete.
Sign here: ...............................................Date: .....2 / 11 /2012........
(Company Secretary)
Print name: M R Wylie.........................................................
== == == == ==
Appendix 3B - Annexure 1
Calculation of placement capacity under rule 7.1 and rule 7.1A for +eligible entities
Introduced 01/08/12
Part 1
Rule 7.1 - Issues exceeding 15% of capital
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid ordinary securities Not applicable
on issue 12 months before date of issue or
agreement to issue
Add the following:
* Number of fully paid ordinary securities
issued in that 12 month period under an
exception in rule 7.2
* Number of fully paid ordinary securities
issued in that 12 month period with
shareholder approval
* Number of partly paid ordinary securities
that became fully paid in that 12 month
period
Note:
* Include only ordinary securities here -
other classes of equity securities cannot
be added
* Include here (if applicable) the securities
the subject of the Appendix 3B to which
this form is annexed
* It may be useful to set out issues of
securities on different dates as separate
line items
Subtract the number of fully paid ordinary
securities cancelled during that 12 month
period
"A"
Step 2: Calculate 15% of "A"
"B" 0.15
[Note: this value cannot be changed]
Multiply "A" by 0.15
Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used
Insert number of equity securities issued or
agreed to be issued in that 12 month period not
counting those issued:
* Under an exception in rule 7.2
* Under rule 7.1A
* With security holder approval under rule
7.1 or rule 7.4
Note:
* This applies to equity securities, unless
specifically excluded - not just ordinary
securities
* Include here (if applicable ) the
securities the subject of the Appendix 3B
to which this form is annexed
* It may be useful to set out issues of
securities on different dates as separate
line items
"C"
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1
"A" x 0.15
Note: number must be same as shown in Step 2
Subtract "C"
Note: number must be same as shown in Step 3
Total ["A" x 0.15] - "C"
[Note: this is the remaining placement capacity
under rule 7.1]
Part 2
Rule 7.1A - Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
"A" Not applicable
Note: number must be same as shown in Step 1 of
Part 1
Step 2: Calculate 10% of "A"
"D" 0.10
Note: this value cannot be changed
Multiply "A" by 0.10
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been
used
Insert number of equity securities issued or
agreed to be issued in that 12 month period
under rule 7.1A
Notes:
* This applies to equity securities - not
just ordinary securities
* Include here - if applicable - the
securities the subject of the Appendix 3B
to which this form is annexed
* Do not include equity securities issued
under rule 7.1 (they must be dealt with in
Part 1), or for which specific security
holder approval has been obtained
* It may be useful to set out issues of
securities on different dates as separate
line items
"E"
Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A
"A" x 0.10
Note: number must be same as shown in Step 2
Subtract "E"
Note: number must be same as shown in Step 3
Total ["A" x 0.10] - "E"
Note: this is the remaining placement capacity
under rule 7.1A
Forte Energy NL
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