Forte Resouces Closes Initial Public Offering
FORTE RESOURCES INC.
1750 – 999 West Hastings Street Vancouver, B.C. V6C 2W2
FORTE RESOUCES CLOSES INITIAL PUBLIC OFFERING
October 5, 2011 TSX Venture Exchange Trading Symbol: FJX.P
Forte Resources Inc. (the “Company”), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the “TSX-V”), is pleased to announce that on October 4, 2011 it completed its initial public offering of 2,000,000 common shares (the “Shares”) issued at a price of $0.10 per Share resulting in gross proceeds to the Company of $200,000 pursuant to a prospectus dated September 14, 2011. A commission of 10% of the gross proceeds of the offering was paid to the Company’s agent, Haywood Securities Inc. (“Haywood”) of which 7% was paid in cash and 3% was paid through the issuance of 60,000 common shares, as well as a corporate finance fee of $10,000 plus HST of which $7,000 was paid in cash and $3,000 was paid through the issuance of 30,000 common shares. In addition, Haywood received 200,000 non-transferable warrants to acquire up to 200,000 Shares at a price of $0.10 per Share for a period of 24 months, in consideration for its services as the Company’s agent. The Company will use the net proceeds from the offering for examination and possible participation in, or acquisition of, assets or businesses.
As a result of this issuance, the Company has 15,440,000 Shares issued and outstanding. The Company has received approval for the listing of its Shares on the TSX-V under the symbol “FJX.P” and the Company’s common shares are expected to commence trading on the TSX-V on October 7, 2011.
On behalf of the Board of Directors
Gunther Roehlig President, Chief Executive Officer and Chief Financial Officer
Telephone: 604.683.0911
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."