Forte Group Announces Private Placement for Capital Funding

Forte Group Holdings Inc., a company specializing in lifestyle and wellness consumer products, has declared a non-brokered private placement to bolster its capital. The firm intends to issue 625,000 common shares at the price of $0.60 each, aiming to raise $375,000 in total. These shares will have a statutory hold period of four months and one day post-issuance.

The proceeds are earmarked for general working capital and settling outstanding payables. The closing of this financial maneuver is set around February 3, 2025. Company insiders may also partake in this placement, aligning with regulations under Multilateral Instrument 61-101.

No finder's fees will apply, and the securities will not be registered within the United States under the 1933 Act, limiting sales within the U.S. The venture reflects Forte Group's effort to stabilize its financial resources amidst prevailing market dynamics.