Forte Group Announces Non-Brokered Private Placement
Forte Group Holdings (CSE:FGH, OTC:FGHFF) has announced a non-brokered private placement financing, planning to issue 625,000 common shares at $0.60 per share to raise aggregate gross proceeds of up to $375,000. The shares will have a statutory hold period of four months and one day from issuance.
The company plans to use the proceeds for general working capital and outstanding payables. The closing is expected around February 3, 2025. Company insiders may participate in the placement, which falls under MI 61-101 regulations, with exemptions from formal valuation and minority shareholder approval requirements as insider participation won't exceed 25% of market capitalization. No finder's fees are associated with this placement.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) ha annunciato un finanziamento tramite collocamento privato non intermediato, pianificando di emettere 625.000 azioni ordinarie a $0,60 per azione per raccogliere proventi lordi aggregati fino a $375.000. Le azioni avranno un periodo di blocco statutario di quattro mesi e un giorno dall'emissione.
L'azienda prevede di utilizzare i proventi per il capitale circolante generale e per i debiti in sospeso. La chiusura è prevista attorno al 3 febbraio 2025. I membri interni dell'azienda possono partecipare al collocamento, il quale rientra sotto le normative MI 61-101, con esenzioni dai requisiti di valutazione formale e approvazione degli azionisti di minoranza, poiché la partecipazione degli interni non supererà il 25% della capitalizzazione di mercato. Non ci sono commissioni per il collocamento associate a questa operazione.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) ha anunciado un financiamiento mediante colocación privada no intermedia, planeando emitir 625,000 acciones comunes a $0.60 por acción para recaudar ingresos brutos agregados de hasta $375,000. Las acciones tendrán un período de retención estatutario de cuatro meses y un día a partir de la emisión.
La empresa planea utilizar los ingresos para capital de trabajo general y cuentas por pagar pendientes. Se espera que el cierre ocurra alrededor del 3 de febrero de 2025. Los miembros internos de la empresa pueden participar en la colocación, que se rige por las regulaciones MI 61-101, con exenciones de los requisitos de valoración formal y aprobación de accionistas minoritarios, ya que la participación interna no excederá el 25% de la capitalización de mercado. No hay honorarios para intermediarios asociados con esta colocación.
포르테 그룹 홀딩스 (CSE:FGH, OTC:FGHFF)는 중개인 없는 사모 배치를 통해 625,000주의 보통주를 주당 $0.60에 발행하여 최대 $375,000의 총 수익을 목표로 한다고 발표했습니다. 발행된 주식은 발행일로부터 4개월 1일의 법적 보유 기간이 있습니다.
회사는 수익금을 일반 운영 자본과 미지급 채무에 사용할 계획입니다. 마감일은 2025년 2월 3일 쯤으로 예상됩니다. 회사 내부인은 이 배치에 참여할 수 있으며, 이는 MI 61-101 규정에 해당하며, 내부인 참여가 시장 자본금의 25%를 초과하지 않기 때문에 공식 평가 및 소액 주주 승인 요건으로부터 면제됩니다. 이 배치와 관련하여 중개 수수료는 없습니다.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) a annoncé un financement par placement privé sans intermédiaire, prévoyant d'émettre 625 000 actions ordinaires à 0,60 $ par action afin de lever des produits bruts globaux allant jusqu'à 375 000 $. Les actions auront une période de blocage légale de quatre mois et un jour à partir de l'émission.
L'entreprise prévoit d'utiliser les produits pour le fonds de roulement général et les créances en souffrance. La clôture est prévue aux alentours du 3 février 2025. Les initiés de l'entreprise peuvent participer au placement, qui relève des règlements MI 61-101, avec des exonérations par rapport aux exigences d'évaluation formelle et d'approbation des actionnaires minoritaires, car la participation des initiés ne dépassera pas 25 % de la capitalisation boursière. Aucun frais de recherche n'est associé à ce placement.
Forte Group Holdings (CSE:FGH, OTC:FGHFF) hat eine nicht vermittelte Privatplatzierung angekündigt und plant, 625.000 Stammaktien zu einem Preis von 0,60 $ pro Aktie auszugeben, um Gesamterlöse von bis zu 375.000 $ zu erzielen. Die Aktien unterliegen einer gesetzlichen Haltedauer von vier Monaten und einem Tag ab dem Ausgabedatum.
Das Unternehmen plant, die Erlöse für Betriebskapital und ausstehende Verbindlichkeiten zu verwenden. Der Abschluss wird um den 3. Februar 2025 erwartet. Unternehmensinsider können an der Platzierung teilnehmen, die unter die MI 61-101-Vorschriften fällt, mit Ausnahmen von den Anforderungen an die formale Bewertung und die Genehmigung der Minderheitsaktionäre, da die Insiderbeteiligung 25 % der Marktkapitalisierung nicht überschreiten wird. Für diese Platzierung sind keine Maklergebühren anfallen.
- Raising $375,000 in additional capital
- No finder's fees required, reducing transaction costs
- Potential dilution of existing shareholders through new share issuance
- Funds primarily for working capital and payables rather than growth initiatives
- Share price set at $0.60 may represent a discount to market price
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / January 24, 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, announces a non-brokered private placement financing (the "Private Placement"), consisting of the issuance of an aggregate of 625,000 common shares of the Company (the "Shares"), at a price of
The Company intends to use the proceeds of the Private Placement for general working capital and outstanding payables. Closing of the Private Placement is anticipated to occur on or about February 3, 2025.
Insiders may participate in the Private Placement and will be considered a related party transaction subject to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Private Placement by insiders will not exceed
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. The securities being offered have not been, nor will they 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.
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:
John Campbell,
Chief Financial Officer and Chief Strategy Officer, Director
john@fortegroup.co
604-569-1414
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. These forward-looking statements include, but are not limited to, the Company's expectations regarding the timing and completion of the Private Placement, the use of proceeds from the Private Placement for general working capital and outstanding payables, and the anticipated participation by insiders in the Private Placement. Forward-looking statements reflect management's current beliefs, expectations, and assumptions as of the date of this release and are subject to significant risks, uncertainties, and other factors that may cause actual results to differ materially. These risks and uncertainties include, but are not limited to: the ability to complete the Private Placement in a timely manner or at all; changes in regulatory requirements and approvals; market and economic conditions; consumer demand for the Company's products; the Company's ability to generate sufficient revenue to meet financial obligations; risks associated with securing and maintaining financing; competition within the industry; and supply chain disruptions. Additionally, there are risks related to insider participation in the Private Placement and the Company's reliance on exemptions under Multilateral Instrument 61-101. The Company makes no assurance that the forward-looking statements will prove to be accurate and disclaims any obligation to update or revise these statements, whether as a result of new information, future events, or otherwise, except as required by law. For a more detailed discussion of these risks and other potential factors, please refer to the Company's public filings available on SEDAR+.
SOURCE: Forte Group Holdings
View the original press release on ACCESS Newswire
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