InvestorsHub Logo
Followers 319
Posts 8174
Boards Moderated 0
Alias Born 03/10/2008

Re: None

Wednesday, 12/09/2009 6:15:49 PM

Wednesday, December 09, 2009 6:15:49 PM

Post# of 221852
12/9/09 NEWS: OFFER TO ACQUIRE COMPANY'S GOLD INTERESTS

[Nice news! smile Thanks again to all my FFGO friends for the well wishes and prayers. I will post again when I am able to after surgery. I really have no idea what's in store regarding recovery. GOOD LUCK!/Viv]

Fortress Financial Group, Inc. -- Confirmed Offer to Acquire Company's Gold Interests
Press Release
Source: Fortress Financial Group, Inc.
On 4:01 pm EST, Wednesday December 9, 2009

http://finance.yahoo.com/news/Fortress-Financial-Group-Inc-iw-1666435451.html?x=0&.v=1


NEW YORK, NY--(Marketwire - 12/09/09) - Fortress Financial Group, Inc. (Pinksheets:FFGO - News) confirms that it has now received a confirmed Offer to acquire the Company's entire interest in both the "Bouse" and the "South Copperstone" Gold Properties.

The Company is not permitted to disclose the terms of the Offer received unless the Company accepts the Offer.

It is a fairly complex Offer and the Company's acceptance of this Offer is wholly dependent upon the unconditional consent of certain significant other stockholders in both the "Bouse" and "South Copperstone" Gold Properties.

Consent being obtained from the holders of Loan Notes issued by your Company, as detailed in our recent Form 8-K filing, is also required in order for your Company to accept this Offer.

The Company can confirm that this purchase price of this Offer is not being settled through the issue of restricted shares of Common Stock from another quoted Company, to your Company. Such an arrangement would not be acceptable to your Company's Management nor to the holders of Loan Notes issued by the Company.

The Company can confirm that as stated its Press Statement dated December 1, 2009; that the financial quantum of this Offer does not equate to an amount of less than US$0.003 per share of your Company's Common Stock, this being calculated upon the amount of outstanding shares of your Company's Common Stock as at December 9, 2009. This is at an enormous premium to the price at which your Company's stock has traded in the past two years. Your Company's stock price at close of business on Tuesday, December 8, 2009 was US$0.0003 per share.

The Company will advise stockholders promptly and definitely in and during the next few business days as to whether it has elected to accept or to reject this Offer.

Should the Company accept this offer, it will report immediately on a Form 8-K Filing and by a press release. The Company will not comment on market rumors or on the trading in its stock and stockholders are advised to rely upon the Company's regulatory filings and Press Releases for guidance.

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," "projected" or "guidelines." 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 filings made by such company with the SEC.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.