Forte Group Announces Financial Initiatives to Reinforce Stability

Forte Group Holdings Inc., a company specializing in beverages and nutraceuticals, has announced measures to enhance its financial position. These include a non-brokered private placement expected to raise $750,000 through the issuance of 3 million units at $0.25 per unit. Each unit comprises one common share and one share purchase warrant, exercisable at $0.30 for two years.

The company plans a debt settlement, converting $2.5 million of debt into 8,771,929 units, with each unit containing a common share and a warrant. Forte Group is also amending existing financial instruments, including a $500,000 convertible debenture and several secured promissory notes.

Additionally, Forte Group is considering a consolidation of its shares, pending shareholder approval. These initiatives aim to improve capital structure and financial stability.