Fortress Financial Group, Inc. - Update on Gold InterestsFriday January 11, 10:44 am ET
Company Confirms Transaction in Respect of Its Remaining Two Gold Mining & Exploration Projects
NEW YORK--(BUSINESS WIRE)--Fortress Financial Group, Inc. (PINKSHEETS: FFGO - News) is now in a position to confirm that it will be disposing of its interests in its two remaining Gold Mining & Exploration interests, those being Bouse Mining Holding Holdings plc (“the “Bouse Project”) and Copperstone Mining Holdings plc (“the South Copperstone Project”).
Fortress Financial Group, Inc. holds approximately 48% of these two Gold Mining & Exploration companies with the majority of the remaining outstanding shares being held by eligible Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) stockholders.
Those eligible stockholders being “Stockholders on Record” on the below-mentioned dates:
Bouse Mining Holdings plc on November 7, 2005
Copperstone Mining Holdings plc on December 2, 2005
These stockholders will receive their “free trading” shares in the new USA quoted Gold Mining & Exploration Company; upon completion of this transaction.
It is expected that this transaction will complete; including the share issues; by no later than mid February 2008.
Fortress Financial Group, Inc. and the other stockholders in Bouse Mining Holdings plc and in Copperstone Mining Holdings plc will receive stock, in exchange for their stockholdings in both “Bouse” and “South Copperstone”; in a USA quoted Gold Mining & Exploration Company, with an existing Gold Mining portfolio; and with a very experienced and capable Management Team.
It is expected that Fortress Financial Group, Inc. will receive and retain close to 20% of this Company. Fortress Financial Group, Inc. has not sought, nor will it will receive Board representation in this Company.
Fortress Financial Group, Inc. will retain its stock in this Company, as a portfolio interest alongside its interest in Hunt Gold Corporation (HGLC.PK). It is intended to distribute a large portion of these two quoted stockholdings to Fortress Financial Group, Inc. stockholders; in the future.
Fortress Financial Group, Inc. will retain a significant but passive investment holding in the Gold Sector, the Company’s Management being of the opinion that the Gold price will continue to rise, given the underlying fundamental demand and supply globally, for the metal.
Upon the completion of this transaction, Fortress Financial Group’s direct interest in this Company and in Hunt Gold Corporation; will be valued at circa US$1billion. Needless to say, this creates an enormous strong foundation for the Company, to very rapidly expand its financial service interests.
Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc. commented “that given the explosive growth and activity in the Company’s MasterCard business, coupled with the Company’s Investment portfolio being exclusively in Gold Assets, with the Gold price at a new Record High, he was extremely optimistic that the Company would grow from strength to strength”. He added that “the strength of the Company’s Balance Sheet with no debt whatsoever, would enable the Company to expand at a far more rapid pace that was ever envisaged by the Company’s Management”. Alan Santini pointed out “that should the Gold price continue its upwards trend, as expected, the Company’s indirect passive investments in the Gold Sector could prove to be a huge unforeseen bonus in respect of our stockholder value.”
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards.
Fortress Financial Group, Inc. will be launching its own label “Fortress” International Debit Card in the first quarter of 2008.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has disposed of its interests in the “Ambassador”, “Golden Eagle” and “Mockingbird” Gold Mining Exploration properties to Hunt Gold Corporation (PINKSHEETS : HGLC - News); and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment.
The Company is now disposing of its interests in the “South Copperstone”, and “Bouse” Gold Mining Exploration properties, in exchange for shares of Common Stock in a USA Gold Mining & Exploration Company, in and during February 2008.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Company Confirms Transaction in Respect of Its Remaining Two Gold Mining & Exploration Projects
NEW YORK--(BUSINESS WIRE)--Fortress Financial Group, Inc. (PINKSHEETS: FFGO - News) is now in a position to confirm that it will be disposing of its interests in its two remaining Gold Mining & Exploration interests, those being Bouse Mining Holding Holdings plc (“the “Bouse Project”) and Copperstone Mining Holdings plc (“the South Copperstone Project”).
Fortress Financial Group, Inc. holds approximately 48% of these two Gold Mining & Exploration companies with the majority of the remaining outstanding shares being held by eligible Fortress Financial Group, Inc. (formerly Great West Gold, Inc.) stockholders.
Those eligible stockholders being “Stockholders on Record” on the below-mentioned dates:
Bouse Mining Holdings plc on November 7, 2005
Copperstone Mining Holdings plc on December 2, 2005
These stockholders will receive their “free trading” shares in the new USA quoted Gold Mining & Exploration Company; upon completion of this transaction.
It is expected that this transaction will complete; including the share issues; by no later than mid February 2008.
Fortress Financial Group, Inc. and the other stockholders in Bouse Mining Holdings plc and in Copperstone Mining Holdings plc will receive stock, in exchange for their stockholdings in both “Bouse” and “South Copperstone”; in a USA quoted Gold Mining & Exploration Company, with an existing Gold Mining portfolio; and with a very experienced and capable Management Team.
It is expected that Fortress Financial Group, Inc. will receive and retain close to 20% of this Company. Fortress Financial Group, Inc. has not sought, nor will it will receive Board representation in this Company.
Fortress Financial Group, Inc. will retain its stock in this Company, as a portfolio interest alongside its interest in Hunt Gold Corporation (HGLC.PK). It is intended to distribute a large portion of these two quoted stockholdings to Fortress Financial Group, Inc. stockholders; in the future.
Fortress Financial Group, Inc. will retain a significant but passive investment holding in the Gold Sector, the Company’s Management being of the opinion that the Gold price will continue to rise, given the underlying fundamental demand and supply globally, for the metal.
Upon the completion of this transaction, Fortress Financial Group’s direct interest in this Company and in Hunt Gold Corporation; will be valued at circa US$1billion. Needless to say, this creates an enormous strong foundation for the Company, to very rapidly expand its financial service interests.
Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc. commented “that given the explosive growth and activity in the Company’s MasterCard business, coupled with the Company’s Investment portfolio being exclusively in Gold Assets, with the Gold price at a new Record High, he was extremely optimistic that the Company would grow from strength to strength”. He added that “the strength of the Company’s Balance Sheet with no debt whatsoever, would enable the Company to expand at a far more rapid pace that was ever envisaged by the Company’s Management”. Alan Santini pointed out “that should the Gold price continue its upwards trend, as expected, the Company’s indirect passive investments in the Gold Sector could prove to be a huge unforeseen bonus in respect of our stockholder value.”
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. is now primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards.
Fortress Financial Group, Inc. will be launching its own label “Fortress” International Debit Card in the first quarter of 2008.
Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company has disposed of its interests in the “Ambassador”, “Golden Eagle” and “Mockingbird” Gold Mining Exploration properties to Hunt Gold Corporation (PINKSHEETS : HGLC - News); and holds approximately 48% of Hunt Gold Corporation shares of outstanding Common Stock, as an investment.
The Company is now disposing of its interests in the “South Copperstone”, and “Bouse” Gold Mining Exploration properties, in exchange for shares of Common Stock in a USA Gold Mining & Exploration Company, in and during February 2008.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
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