Forte Group Bolsters Capital with Non-Brokered Private Placement

Forte Group Holdings Inc. (CSE:FGH)(OTC PINK:FGHFF)(FSE:7BC0, WKN:A40L1Z), a diversified lifestyle and wellness consumer packaged goods company, has announced a non-brokered private placement to strengthen its financial position. The company aims to issue 625,000 common shares at a price of $0.60 each, raising a total of $375,000. The proceeds from this placement will be used for general working capital and settling outstanding payables.

This move aligns with Forte Group's long-term financial strategy, as the company continues to bolster its capital and improve its working capital position. The raised funds will enable Forte Group to invest in its core businesses, including the expansion of its TRACE BLACKwater, ALKALINEwater, and nutraceutical supplement offerings across both domestic and international markets.

Forte Group's recent efforts to strengthen its balance sheet, such as refinancing its second mortgage and converting promissory notes into common shares, have positioned the company for sustained growth. The proposed private placement is a continuation of these efforts, as the company seeks to create a more stable financial foundation for its business operations and growth initiatives.

In terms of potential returns for investors, Forte Group's focus on lifestyle and wellness consumer products is a growing market, with increasing demand for natural and healthy products. As the company continues to expand its product offerings and enter new markets, it has the potential to generate significant returns for investors.

However, it is important to note that the success of the company's expansion efforts and the potential returns for investors will depend on various factors, such as market conditions, competition, and the company's ability to execute its growth strategies effectively. Investors should carefully evaluate the company's financial health, market position, and growth prospects before making any investment decisions.



In conclusion, Forte Group's non-brokered private placement is a strategic move to strengthen its financial position and support the growth and expansion of its product offerings. By raising additional capital and allocating it towards general working capital and settling outstanding payables, Forte Group is well-positioned to continue its growth trajectory and generate value for its shareholders.