Forte Minerals Corp. announced a non-brokered private placement of 7,500,000 units at a price of CAD 0.2 per unit for the gross proceeds of CAD 1,500,000 on June 5, 2024. Each unit will consist of one common share and one-half of a common share purchase warrant.

Each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.30 per warrant share for two years from the closing date of the offering. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The company may pay a finders' fee of 6% in cash and 6% in warrants to eligible investment advisors who introduce subscribers to the Offering in accordance with the policies of the Canadian Securities Exchange.

The transaction is expected to close on or before June 30, 2024.