Forte Group Completes Private Placement with Insider Participation

Forte Group Holdings Inc., a company focused on lifestyle and wellness consumer packaged goods, announced the completion of its non-brokered private placement, raising $375,000 through the sale of 624,999 common shares at $0.60 per share. The proceeds are earmarked for $45,000 in general working capital and approximately $330,000 for outstanding payables.

CEO Marcello Leone acquired 28,333 shares in the offering, classified as a "related party transaction" under MI 61-101, but exempted from valuation and minority shareholder approval requirements due to the company's market capitalization.

The issued securities are not registered under the U.S. Securities Act of 1933 and are not available for sale in the United States without registration or applicable exemptions.

Additionally, Forte Group's Audit Committee has seen restructuring, appointing Dallas Pretty to replace John Campbell. The committee now includes Howard Blank as Chair, alongside Pretty and Richard Coleman.