![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
TIDMFTE Revised Transaction Funding Agreement Forte Energy NL ACN 009 087 852 AIM Release 19 February 2016 Revised Transaction Funding Agreement Forte Energy NL ("Forte" or "the Company") (AIM: FTE), is pleased to advise that the convertible loan agreement with DJ Family Trust ("DJFT") announced on 17 December 2015 has been revised to provide additional transaction funding whilst the Company progresses the acquisition of BOS GLOBAL Limited ("BGL"). Under the revised agreement, the initial loan amount has been recognised as GBP100,000 and the Company may draw up to GBP400,000 additional funding via Convertible Notes. The key terms for the revised Convertible Loan Note agreement are as follows: * Maximum principal available under the facility: GBP500,000; * Maturity date: 2 years from date of issue; * Interest: interest will be charged at 20% per annum if the loan is repaid to the lender, however no interest will apply should the lender elect to convert the loan amount, and * Conversion price: the lender may elect to convert all or part of the loan at 80% of an weighted market price calculated from selected trading days during the 5 trading days prior to conversion. As announced on 7 January 2016, the acquisition of BGL Shares by Forte (the "Acquisition") will be treated as a reverse takeover under the AIM Rules for Companies and will be subject to the approval of Forte shareholders. Forte is preparing a notice of meeting to seek the approval of Forte shareholders for the Acquisition, and apply for admission to AIM as a business and financial technology ("FinTech") company. Trading in Forte's shares on AIM remains suspended pending publication of an admission document or termination of the Acquisition. BGL is an unlisted Australian public company focused on the aggregation of cloud technology investments targeting banks, financial institutions, insurers and professional consulting organisations. BGL has extensive FinTech experience with its established network of professional investment, enterprise sales, product marketing, product design, software development and support capabilities worldwide. BGL has publicly stated its objective to be a listed organisation in UK, Australia and United States over the coming five years. This transaction is the first step to achieving its stated goals for shareholders. For further corporate information about BGL visit www.bosglobal.biz . The Company looks forward to imminently providing shareholders with an updated timetable for the transaction. 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 Forte Energy NL
(END) Dow Jones Newswires
February 19, 2016 02:00 ET (07:00 GMT)
1 Year Forte Energy Chart |
1 Month Forte Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions