AIM-listed Australian-based minerals company Forte Energy has advised that negotiations are 'continuing in relation to a potentially significant transaction'.

The company stated that it would provide a further update "as soon as the terms of any transaction are agreed".

The news comes almost two weeks after the company, which is dual listed on the Australian Stock Exchange (ASE) as well as AIM, announced that trading had halted on the ASE.

On February 5th, the company said "advanced negotiations are continuing on a number of different transactions".

Forte is focused on the exploration, development and evaluation of uranium and energy-relarted projects. It has a portfolio of projects in the Republics of Guinea and Mauritania in West Africa.

Its share price was up 4.58% to 2.51p at 10:38 on Monday.

MF

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