N@N

Appendix 3B - Placement 1st Tranche Shares

^{Published on 2011-01-26 23:40:50 - Market Wire}
 

 FORTE ENERGY NL ACN 009 087 852 ASX/AIM CODE: FTE, Telephone: +618 9322 4071, Fax: +618 9322 4073 ASX and AIM Release 27 January 2011 Appendix 3B - First Tranche of Share Issue to Sophisticated Investors Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE) Attached is an Appendix 3B advising of the allotment of 87,098,704 fully paid ordinary shares in the Company. The shares were issued pursuant to the Company's 15% placement authority at a price of 12.5 cents per share, raising A$10.8 million. The shares were issued to sophisticated institutional clients of Blackwood Capital and StoneBridge Group, from 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 admission to trading of these ordinary shares. Murray Wylie Company Secretary For further information contact: Mark Reilly, Managing Director Forte Energy N.L. Tel: +44 (0) 203 300 0187 Robin Henshall/Tim Graham Matrix Corporate Capital LLP Tel: +44 (0) 203 206 7000 Jos Simson/Emily Fenton Conduit PR Tel: +44 (0) 207 429 6603 Stuart Laing RFC Corporate Finance Ltd Tel: +61 (0) 8 9480 2506 (AIM Nominated Adviser to the Company) + See chapter 19 for defined terms. 1/1/2003 Appendix 3B Page 2 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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. 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 to Fully paid ordinary shares be issued 2 Number of +securities issued or to 87,098,704 be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities Fully paid ordinary shares (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 Do the +securities rank equally in Yes 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 5 Issue price or consideration A$0.125 per share 6 Purpose of the issue Working capital (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering +securities 27 January 2011 into uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 669,756,735 Ordinary Shares +securities quoted on ASX (including the securities in clause 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 1 (including the securities in cent clause 2 if applicable) 5,000,000 Unquoted options exercisable at A$0.11 on or before the 21st December 2012 3,000,000 Unquoted options exercisable at A$0.10 on or before 26 November 2013 Unquoted options 6,000,000 exercisable at A$0.20 on or before 24 December 2012 Unquoted options exercisable at 6 pence on 1,000,000 or before 26 November 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 required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the +securities will be offered 14 +Class of +securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the 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 acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security holders' approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, 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 applicable) 29 Date rights trading will end (if applicable) 30 How do +security holders sell their entitlements in full through a broker? 31 How do +security holders sell part of their entitlements through a broker and accept for the balance? 32 How do +security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date 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) 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 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 37 A copy of any trust deed for the additional +securities Entities that have ticked box 34(b) 38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the +securities rank equally in 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 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 +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: 27/01/2011................... (Company Secretary) Print name: M R Wylie......................................................... == == == == ==