Forte Energy NL
ACN 009 087 852
AIM Release
25 June 2015
COMMENCEMENT OF LEGAL PROCEEDINGS IN SLOVAKIA
Forte Energy NL ("Forte" or "the Company") (AIM: FTE), provides the following update on its subsidiary's
operations in the Slovak Republic.
The Company advises that lawyers acting on behalf of Ludovika Energy s.r.o. ("Ludovika"), the company that
held the exploration license where the Kursiskova uranium deposit is located, have filed court proceedings
against the Ministry of Environment in Slovakia (the "Ministry"), in respect to its decision not to grant
the extension of the uranium permits.
Ludovika is asking the court to review the decision of the Ministry to determine whether it was made in
accordance with the Geological law of Slovakia.
This is the first step to remedy what the Company's legal advisers believe to be a violation of the
Geological Law of Slovakia. If successful in the proceedings, it is the view of the Company's advisors that
Ludovika would be entitled to compensation. Forte and its Joint Venture partner, European Uranium Resources
Ltd, have invested in excess of 25 million Euros into the Kuriskova Uranium project. This would be the
starting point for a compensation claim.
The Company will update shareholders as developments occur.
Shareholders should note that the legal proceedings are separate and independent to the applications that
Ludovika has before the ministry for an exploration license to allow exploration for rare earth elements in
the Kuriskova deposit area.
For further information contact:
Mark Reilly, Managing Director
Forte Energy NL Tel: +61 (0) 8 9322 4071
Oliver Morse
RFC Ambrian Ltd Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)
Forte Energy NL
Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: [email protected]
Web: www.forteenergy.com.au
Forte Energy NL