logo-loader

Forte to reveal corporate transaction ‘in next week or so’

Published: 07:56 10 Dec 2015 GMT

deal_566930bddcbb6
A deal will represent a change of business, away from natural resources

Forte Energy (LON:FTE) expects to reveal a corporate transaction in the next week or so that will see a recapitalisation.

The company added that the deal would also see a change of business, out of the resources sector.

It comes as the company holds talks with a number of parties regarding potential transactions and acquisitions.

“The company advises that the negotiations are progressing well and expects to be in a position to announce details of a transaction within the next week or so,” it said in a stock market statement.

Such a transaction would require shareholder approval, it added.

The company, as is customary for these kinds of announcements, cautioned that “there is no certainty of such discussions and negotiations leading to a transaction being successfully concluded.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

2 hours, 49 minutes ago