Latest news with #ForteGroupHoldingsInc
Associated Press
22-04-2025
- Business
- Associated Press
Forte Group Closes Strategic Initiatives to Strengthen Financial Position
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / April 21, 2025 / Forte Group Holdings Inc. (CSE:FGH)(OTC PINK:FGHFF)(FSE:7BC0, WKN:A40L1Z)('Forte Group' or the 'Company'), a diversified lifestyle and wellness consumer packaged goods company, announces that in line with its continued efforts to strengthen its balance sheet and further to its news release dated April 8, 2025, the Company has settled debts in the total aggregate amount of $546,695 into common shares ('Common Shares') in the capital of the Company to arm's length holders at a price of $0.375 per Common Share, for a total of 1,457,852 Common Shares (the 'Shares for Debt Arrangement'). All Common Shares issued in connection with the Shares for Debt Arrangement are subject to a restricted period until August 22, 2025. None of the securities issued pursuant to the Shares for Debt Arrangement have been or will 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. 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. About Forte Group Holdings Inc. Forte Group Holdings Inc. (CSE:FGH)(OTC PINK: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: Marcello Leone, Chief Executive Officer and Director [email protected] 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, statements regarding the completion and timing of the Shares for Debt Arrangement, the issuance of Common Shares in settlement of debt, and the potential financial impact of these transactions on Forte Group. Forward-looking statements reflect management's current expectations, estimates, projections, and assumptions as of the date hereof and are subject to a number of known and unknown risks, uncertainties, and other factors that could cause actual outcomes to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among others: the ability to complete the Shares for Debt Arrangement on the anticipated timeline or at all; the receipt of necessary regulatory approvals; risks associated with market fluctuations and economic conditions; and general risks relating to the Company's business, including those detailed from time to time in its public disclosure documents available on SEDAR+ at Readers are cautioned not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. SOURCE: Forte Group Holdings press release
Associated Press
08-02-2025
- Business
- Associated Press
Forte Group Announces Closing of Non-Brokered Private Placement With Insider Participation
VANCOUVER, BC / ACCESS Newswire / February 7, 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, effective February 6, 2025, it has closed its previously announced non-brokered private placement for common shares of the Company (each, a 'CommonShare') at a price of $0.60 per Common Share for aggregate gross proceeds of $375,000 for a total of 624,999 Common Shares (the 'Offering'). The Company intends to use approximately $45,000 of the proceeds raised from the Offering for general working capital purposes, and approximately $330,000 for current and anticipated payables. No finder's fees were payable in connection with the Offering. All Common Shares issued in connection with the Offering are subject to a restricted period of four months and one day, expiring on June 7, 2025. Marcello Leone, the Chief Executive Officer, Chairman and a director of the Company was issued 28,333 Common Shares under the Offering, which constituted a 'related party transaction' within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ('MI 61-101"). The issuance to the insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the Common Shares issued to the related party did not exceed 25% of the Company's market capitalization. None of the securities issued pursuant to the Offering have been or will 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. 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. Audit Committee Changes The Company has restructured its Audit Committee, appointing Dallas Pretty to replace John Campbell, effective February 4, 2025. The committee now comprises Mr. Howard Blank (Chair), Mr. Dallas Pretty, and Mr. Richard Coleman. 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: Marcello Leone, Chief Executive Officer and Director 604-569-1414 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to the anticipated use of proceeds from the Offering, including the allocation of funds for general working capital and payables. Forward-looking statements also include expectations regarding future financial and operational plans of the Company. These statements are based on current expectations and assumptions as of the date of this release. However, actual results may differ materially due to various risks and uncertainties, including market conditions, the Company's ability to execute its strategic objectives, and other risk factors that may affect actual results as outlined in the Company's public filings available on SEDAR+ ( The Company makes no assurances that the outcomes expressed or implied in these forward-looking statements will be realized and disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Associated Press
05-02-2025
- Business
- Associated Press
Forte Group Appoints Dallas Pretty as Chief Financial Officer
VANCOUVER, BC / ACCESS Newswire / February 5, 2025 / Forte Group Holdings Inc. (CSE:FGH)(OTC PINK:FGHFF)(FSE:7BC0, WKN:A40L1Z)('Forte Group' or the 'Company'), a diversified lifestyle and wellness consumer packaged goods company, announces the appointment of Dallas Pretty, CPA, CA, as its Chief Financial Officer and Corporate Secretary, effective February 4, 2025. Mr. Pretty succeeds John Campbell, who has resigned from his roles as Chief Financial Officer, Chief Strategy Officer, and Corporate Secretary effective February 4, 2025. Mr. Pretty, a CPA, CA, and graduate of Simon Fraser University, brings over 20 years of expertise in finance and management across both public and private companies. In addition to his leadership at Black Tusk Advisory Services, Mr. Pretty has extensive experience in operations, strategic business development, mergers and acquisitions, public and private financing, internal and external financial reporting, human resources, and facilities management. Before founding Black Tusk Advisory Services, Dallas served as a manager in the audit and advisory services group at KPMG LLP, where he managed a portfolio of private and public companies. The Company expresses gratitude to Mr. Campbell for his dedicated service. Mr. Campbell will remain on the Company's board of directors, continuing to contribute to Forte Group's strategic direction. 'We are excited to welcome Mr. Pretty to Forte Group as our new CFO,' said Marcello Leone, CEO of Forte Group. 'Mr. Pretty's extensive experience and proven track record in financial leadership will be invaluable as we continue to grow and advance our strategic initiatives.' About Forte Group Holdings Inc. Forte Group Holdings Inc. (CSE:FGH)(OTC PINK: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: Marcello Leone, Chief Executive Officer and Director 604-569-1414 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to the anticipated impact of Dallas Pretty's appointment as Chief Financial Officer and Corporate Secretary, including his expected contributions to the Company's financial oversight, strategic planning, and corporate governance. Forward-looking statements also include expectations regarding the continued involvement of John Campbell as a director and his role in supporting the Company's strategic direction. These statements are based on current expectations and assumptions as of the date of this release. However, actual results may differ materially due to various risks and uncertainties, including the Company's ability to integrate new executive leadership effectively, the impact of leadership changes on financial strategy and corporate governance, and the Company's ability to retain and leverage key personnel. Other risk factors that may affect actual results are outlined in the Company's public filings available on SEDAR+ ( The Company makes no assurances that the outcomes expressed or implied in these forward-looking statements will be realized and disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
