Forte Group Announces Closing of Non-Brokered Private Placement With Insider Participation
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has successfully closed its previously announced non-brokered private placement, raising $375,000 through the issuance of 624,999 common shares at $0.60 per share. The company plans to allocate approximately $330,000 for current and anticipated payables and $45,000 for general working capital purposes.
CEO Marcello Leone participated in the offering, acquiring 28,333 common shares in a transaction exempt from minority shareholder approval requirements. All shares issued are subject to a four-month restricted period ending June 7, 2025. Additionally, the company has restructured its Audit Committee, with Dallas Pretty replacing John Campbell, joining Howard Blank (Chair) and Richard Coleman.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) ha chiuso con successo il suo precedente collocamento privato non mediato, raccogliendo $375.000 tramite l'emissione di 624.999 azioni ordinarie a $0,60 ciascuna. L'azienda prevede di destinare circa $330.000 a debiti attuali e previsti e $45.000 per scopi di capitale circolante generale.
Il CEO Marcello Leone ha partecipato all'offerta, acquisendo 28.333 azioni ordinarie in una transazione esente dai requisiti di approvazione degli azionisti di minoranza. Tutte le azioni emesse sono soggette a un periodo di restrizione di quattro mesi che termina il 7 giugno 2025. Inoltre, l'azienda ha ristrutturato il proprio Comitato di Audit, con Dallas Pretty che sostituisce John Campbell e si unisce a Howard Blank (Presidente) e Richard Coleman.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) ha cerrado con éxito su colocación privada no mediada previamente anunciada, recaudando $375,000 a través de la emisión de 624,999 acciones ordinarias a $0.60 por acción. La compañía planea destinar aproximadamente $330,000 a cuentas por pagar actuales y anticipadas y $45,000 para fines generales de capital de trabajo.
El CEO Marcello Leone participó en la oferta, adquiriendo 28,333 acciones ordinarias en una transacción exenta de los requisitos de aprobación de los accionistas minoritarios. Todas las acciones emitidas están sujetas a un periodo de restricción de cuatro meses que finalizará el 7 de junio de 2025. Además, la compañía ha reestructurado su Comité de Auditoría, con Dallas Pretty reemplazando a John Campbell, uniéndose a Howard Blank (Presidente) y Richard Coleman.
포르테 그룹 홀딩스 (CSE:FGH)(OTC:FGHFF)는 이전에 발표한 비중개 사모펀드를 성공적으로 마감하였으며, $375,000을 모집하였습니다. 이는 주당 $0.60로 624,999주를 발행한 것입니다. 회사는 현재 및 예상되는 지급금에 약 $330,000와 일반 운영 자본을 위해 $45,000을 할당할 계획입니다.
CEO인 마르첼로 레오네는 이번 공모에 참여하며, 소수 주주 승인 요건이 면제된 거래에서 28,333주의 보통주를 취득하였습니다. 발행된 모든 주식은 2025년 6월 7일에 종료되는 4개월의 제한 기간이 있습니다. 또한, 회사는 감사 위원회를 재구성하였으며, 달라스 프레티가 존 캠벨을 대체하고 하워드 블랭크(위원장)와 리차드 콜먼과 합류하였습니다.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) a réussi à clore son placement privé non conseillé précédemment annoncé, levant $375,000 grâce à l'émission de 624,999 actions ordinaires à 0,60 $ par action. L'entreprise prévoit d'allouer environ $330,000 pour des créances actuelles et anticipées et $45,000 pour des besoins généraux de fonds de roulement.
Le PDG Marcello Leone a participé à l'offre, acquérant 28,333 actions ordinaires dans une transaction exonérée des exigences d'approbation des actionnaires minoritaires. Toutes les actions émises sont soumises à une période de restriction de quatre mois se terminant le 7 juin 2025. De plus, l'entreprise a restructuré son Comité d'Audit, avec Dallas Pretty remplaçant John Campbell, rejoignant Howard Blank (Président) et Richard Coleman.
Forte Group Holdings (CSE:FGH)(OTC:FGHFF) hat erfolgreich die zuvor angekündigte nicht vermittelte Privatplatzierung abgeschlossen und $375.000 durch die Ausgabe von 624.999 Stammaktien zu je $0,60 gesammelt. Das Unternehmen plant, etwa $330.000 für aktuelle und erwartete Verbindlichkeiten und $45.000 für allgemeine Betriebskapitalzwecke zu verwenden.
Der CEO Marcello Leone nahm an dem Angebot teil und erwarb 28.333 Stammaktien in einer von den Anforderungen zur Genehmigung durch Minderheitsaktionäre befreiten Transaktion. Alle ausgegebenen Aktien unterliegen einer viermonatigen Sperrfrist, die am 7. Juni 2025 endet. Darüber hinaus hat das Unternehmen seinen Prüfungsausschuss umstrukturiert, wobei Dallas Pretty John Campbell ersetzt und sich Howard Blank (Vorsitzender) sowie Richard Coleman anschließt.
- Raised $375,000 through private placement for working capital and payables
- Insider participation demonstrates management confidence
- 88% of raised funds ($330,000) allocated to existing payables indicates financial strain
- Small raise amount ($375,000) may not provide sufficient long-term working capital
VANCOUVER, BC / ACCESS Newswire / February 7, 2025 / Forte Group Holdings Inc. (CSE:FGH)(OTC:FGHFF)(FSE:7BC0, WKN:A40L1Z) ("Forte Group" or the "Company"), a diversified lifestyle and wellness consumer packaged goods company, announces that, effective February 6, 2025, it has closed its previously announced non-brokered private placement for common shares of the Company (each, a "CommonShare") at a price of
The Company intends to use approximately
No finder's fees were payable in connection with the Offering. All Common Shares issued in connection with the Offering are subject to a restricted period of four months and one day, expiring on June 7, 2025.
Marcello Leone, the Chief Executive Officer, Chairman and a director of the Company was issued 28,333 Common Shares under the Offering, which constituted a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance to the insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the Common Shares issued to the related party did not exceed
None of the securities issued pursuant to the Offering have been or will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
Audit Committee Changes
The Company has restructured its Audit Committee, appointing Dallas Pretty to replace John Campbell, effective February 4, 2025. The committee now comprises Mr. Howard Blank (Chair), Mr. Dallas Pretty, and Mr. Richard Coleman.
About Forte Group Holdings Inc.
Forte Group Holdings Inc. (CSE:FGH)(OTC:FGHFF)(FSE:7BC0, WKN:A40L1Z) is a diversified lifestyle and wellness consumer packaged goods company. Forte Group develops and manufactures a range of alkaline and mineral-enriched beverages and nutraceutical supplements for both its TRACE brand and private-label clients. Based in British Columbia, Canada, Forte Group owns a pristine natural alkaline spring water aquifer and operates a 40,000-square-foot, Health Canada and HACCP-certified manufacturing facility near Osoyoos, British Columbia. The Company's distribution network includes traditional retail and e-commerce channels, delivering wellness-focused products directly to consumers through its innovative offerings.
On behalf of the Board of Directors:
Marcello Leone, Chief Executive Officer and Director
info@fortegroup.co
604-569-1414
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to the anticipated use of proceeds from the Offering, including the allocation of funds for general working capital and payables. Forward-looking statements also include expectations regarding future financial and operational plans of the Company. These statements are based on current expectations and assumptions as of the date of this release. However, actual results may differ materially due to various risks and uncertainties, including market conditions, the Company's ability to execute its strategic objectives, and other risk factors that may affect actual results as outlined in the Company's public filings available on SEDAR+ (www.sedarplus.ca). The Company makes no assurances that the outcomes expressed or implied in these forward-looking statements will be realized and disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
SOURCE: Forte Group Holdings
View the original press release on ACCESS Newswire
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