News Column

ASX Trading Halt

June 15, 2014

Forte Energy NL AIM Release 16 June 2014 ASX Trading Halt Forte Energy NL ("Forte Energy" or "The Company") (ASX/AIM: FTE) advises that trading in the shares of the Company was halted on the Australian Securities Exchange (ASX) today. The halt was requested by the Company following the announcement by European Uranium Resources Ltd ("European Uranium") on 14 June that the special resolution of its shareholders to approve the Share Purchase Agreement ("SPA") of 9 May 2014, for the acquisition by Forte of its Slovakian uranium assets, was not approved by the required majority of European Uranium shareholders. As this condition has not been satisfied, the SPA has been terminated. In anticipation of this possibility, Forte has entered into negotiations with European Uranium for an alternative transaction. These discussions are at an advanced stage and Forte will make a further announcement in due course. For further information contact: Mark Reilly, Managing Director Forte Energy NL Tel: +61 (0) 8 9322 4071 Geoff Nash/Ben Thompson Tel: +44 (0) 207 220 0500 Elizabeth Johnson (broking) finnCap Trinity McIntyre/Oliver MorseRFC Ambrian Ltd Tel: +61 (0) 8 9480 2506 (AIM Nominated Adviser to the Company) Forte Energy NL Suite 3, Level 3 1292 Hay Street West Perth WA 6005 Ph: +61 (0)8 9322 4071 Fax: +61 (0)8 9322 4073 Email: info@forteenergy.com.au Web: www.forteenergy.com.au


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Marketwire (UK Regulatory)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters