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Thursday, June 19, 2008 7:03:29 PM
Fortress Financial Group, Inc. -- Completion of Stock Dividend Payouts
Company Confirms That the Outstanding Stock Dividend Issues Are Resolved
NEW YORK, NY, Jun 19, 2008 (MARKET WIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the remaining outstanding stock dividend distributions in respect of Hunt Gold Corporation have now been resolved.
The DTCC will be distributing these shares of Hunt Gold Corporation stock to eligible Company stockholders who held their stock in Broker or in "Street Names" at the various Stock Dividend Record Dates.
This was announced and confirmed by the DTCC on May 18, 2008.
The Company will be filing a detailed Form 8-K in respect of these Stock Distributions, today.
The Company is now in a position to complete the "Round 1" acquisitions and hopefully commence with a "fresh start" as it is now unencumbered by past issues which were harmful and prejudicial to the Company on a going forward basis.
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Well could we set back father to get the stock price back to $1.30?
No gaurantees right...?
Prisoner
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Hunt Gold Corporation - Company Strategy
Company Confirms Its Immediate to Medium Term Strategy
NEW YORK, NY, Jun 19, 2008 (MARKET WIRE via COMTEX) -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that its strategy in the short to immediate term, is as follows:
- The Company intends to file to become a Reporting Company with the SEC and prior to this will be submitting a series of Form 8-Ks with the SEC in order to enable stockholders to be fully informed as to all pertinent transactions effected by the Company. To this end, the Company has obtained a CIK Number for filings with the SEC. This CIK Number is 0001301511.
- The Company is now appointing an Auditor, the Form 8-K in respect hereof will be made upon the confirmation of this appointment.
- The Company has at this time updated its information with the OTC Pink Sheets Market and is expectant that the "Stop" sign imposed upon the Company by the OTC Pink Sheets Market, indicating insufficient information, will be removed shortly and upon the filing of the Company of an Information and Financial Statement under Rule 15c-211.
- The Company is launching its Corporate web site shortly in order to facilitate investor understanding of the Company, its assets and its Management Team.
- The Company is in the process of having the detailed valuation and mining Reports updated on each of its Gold Mining & Exploration projects. These will be available for download on the Company's web site as they become available. The Company's USA Gold interests include "Mockingbird," "Ambassador," "Golden Eagle," "American Molygold," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal."
- The Company will be focusing its exploration efforts on its "Mockingbird" Gold Mining Project in Arizona; work is scheduled to commence on September 1, 2008.
- The Company will be raising funds through borrowings secured against its Mining Assets and properties in the short term. A fund raising is not required at this time to meet the Company's short to medium term objectives and not whilst the Company's stock price trades at a huge discount to its Net Asset Value per Share.
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