Forte group strengthens balance sheet with the conversion of promissory notes and mortgage

Vancouver, bc / access newswire / january 21, 2025 / forte group holdings inc. (cse:fgh)(otc:fghff)(fse:7bc0, wkn:a40l1z) ("forte group" or the "company"), a diversified lifestyle and wellness consumer packaged goods company, announces that, further to its news release dated january 10, 2025, it has converted the aggregate principal amount of $200,000 in secured promissory notes issued by its wholly-owned subsidiary, naturo group enterprises inc. ("naturo group"), and $100,000 of naturo group's second mortgage on its property near bridesville, british columbia, into 624,998 common shares (the "debt settlement shares") of the company, at a deemed price of $0.48 per debt settlement share (the "debt settlements"). all debt settlement shares are subject to a statutory hold period expiring may 21, 2025.
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