Forte Group Announces Financial Moves to Strengthen Position

Forte Group Holdings Inc., a consumer packaged goods company, has initiated a non-brokered private placement financing, targeting $120,000 through the issuance of 200,000 common shares at $0.60 each. The funds aim to support general working capital and settle outstanding payables. Insiders are expected to partake in this private placement, triggering regulations under Multilateral Instrument 61-101, but exemptions apply as insider participation will not surpass 25% of market capitalization.

Additionally, Forte Group plans to convert $29,000 of secured promissory notes into 60,416 common shares at $0.48 per share. This shares-for-debt arrangement aligns with the Canadian Securities Exchange regulations, and these shares, like those in the private placement, will carry a restriction period.