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12/21 NEWS: Update on Sale of Company's Gold Interests

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Vianna Member Level  Monday, 12/21/09 08:20:04 AM
Re: ThurstonHowellThe3rd post# 93799
Post # of 218773 
12/21 NEWS: Update on Sale of Company's Gold Interests

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-i0571320-U:FFGO-20091221&symbol=FFGO&news_region=U

[GM Thurston and All FFGOrs!]

SOURCE: Fortress Financial Group, Inc.

Dec 21, 2009 08:00 ETFortress Financial Group, Inc. -- Update on Sale of Company's Gold Interests

NEW YORK, NY--(Marketwire - December 21, 2009) - Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirmed its Statement on December 9, 2009 and updated on December 16, 2009 that it had received a confirmed Offer to acquire the Company's entire interest in both the "Bouse" and the "South Copperstone" Gold Properties. The Company's Management has recommended acceptance of this Offer to both the significant minority interest holders in the "Bouse" and "South Copperstone" Gold Properties and to your Company's Loan Note Holders.

The Company's Management has now finalized the revised terms to the Offer required by the Company in order to complete this transaction, this being in conjunction with the significant minority interest holders in both the "Bouse" and the "South Copperstone" Gold Properties.

The Company's Management is now discussing its requested revised terms of this Offer with the party that has submitted the Offer. If these revised terms are accepted by the party that has made the Offer, this week, the Company will not be issuing any further updates; just the announcement and the Regulatory Filing in respect of the transaction.

The Company's Management remains confident that an agreement may well be reached between all of the parties and that this transaction can be concluded before the end of this month.

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.


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