Proposed Qualifying Transaction Receives Exchange Conditional Approval
Not for dissemination in the United States or through U.S. newswires
FORTE RESOURCES INC.
1750-999 West Hastings Street Vancouver, B.C. V6C 2W2
Proposed Qualifying Transaction Receives Exchange Conditional Approval
April 3, 2012 TSX Venture Exchange Trading Symbol: FJX.P
Vancouver, B.C. – Forte Resources Inc. ("Forte" or the "Company") is pleased to announce that it has received conditional approval of the TSX Venture Exchange to proceed with the Company's previously announced proposed Qualifying Transaction with Santacruz Silver Mining Ltd. and the associated private placement. The Qualifying Transaction is expected to close on or about April 12, 2012 and the private placement is expected to close immediately prior to the Qualifying Transaction.
Detailed information regarding the Qualifying Transaction, including plans of Forte upon completion of the Qualifying Transaction, and other relevant information is contained in the Filing Statement dated March 29, 2012 which has been filed under the Company's profile on www.sedar.com
In connection with the Qualifying Transaction, the Company intends to change its name to "Santacruz Silver Mining Ltd.". The trading symbol of the Company on closing of the Qualifying Transaction will be "SCZ".
Forward-Looking Information
This news release contained forward-looking information as that term is defined under Canadian securities legislation. Specifically, such statements include those regarding expected timing of closing of the Qualifying Transaction and private placement and effective time of the name change. These statements are based on the assumption that all conditions to closing of the said transactions are met or waived and all regulatory conditions are met prior to the anticipated closing or effective times. As some conditions and approvals involve third parties, there is no assurance that all conditions or approvals will be contained by the expected closing dates. In such event, closing of the transactions could be delayed and the delay could be material.
APPROVED BY THE BOARD OF DIRECTORS
Gunther Roehlig President, Chief Executive Officer and Chief Financial Officer
Telephone: 604.683.0911
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable securities laws or an exemption from such registration is available.