rns out27 Jul 2016 08:59
Forte Energy NL AIM Release 27 July 2016 Share Issue for Darwin Conversion Notice Forte Energy NL ("Forte Energy" or "The Company") (AIM: FTE) Forte Energy announces the allotment of 2,295,684,114 fully paid ordinary shares ("Conversion Shares") in the Company to Darwin Capital Limited ("Darwin"). The Conversion Shares have been issued following the receipt of a conversion notice today from Darwin in relation to the convertible loan notes announced on 26 March 2015. The Conversion Shares were issued at 0.004356 pence per share for the exercise of conversion rights in respect of �100,000 of Convertible Loan Notes. Following this share issue, Convertible Loan Notes issued in March 2015 for �200,000 remain outstanding. Application has also been made to the AIM market of the London Stock Exchange ("AIM") for the Conversion Shares to be admitted to trading on AIM from 1 August 2016. Following admission of the Conversion Shares Forte Energy will have 15,980,995,721 fully paid ordinary shares in issue.