The last time Lumb pulled this identical buyout scam with FFGO's "mines", that deal was binding too. Ask the believers if the "Binding Agreement" detailed in the two PR's below sounds familiar - we all know the payout will take the same form, only the names and prices have changed this time around. It's odd how the buyout price appears to have been upwards of 3-4x higher 18 months ago despite the price of gold increasing approx 25% during the same period...
First Platinum Retail Innovations, Inc. -- Acquisitions NEW YORK, NY, Feb 20, 2009
First Platinum Retail Innovations, Inc. (PINKSHEETS: FPRT) confirms that it has entered into a Binding Agreement to acquire the "Bouse" and "South Copperstone" Gold Mining properties.
These properties are being acquired through the issue of 222,200,000 restricted shares of the Company's Common Stock at a price of US$12.50 per share of Hurasu Resource Corporation Common Stock. The amount of 167,200,000 restricted shares of the Company's Common Stock is being issued to acquire the "Bouse" Gold property and an amount of 55,000,000 restricted shares of the Company's Common Stock is being issued to acquire the "South Copperstone" Gold property
The largest single stockholder in both the "Bouse" and "South Copperstone" Gold properties is Western Diversified Mining Resources, Inc., a wholly owned subsidiary Company of Fortress Financial Group, Inc. (PINKSHEETS: FFGO).
An amount of 25,760,225 restricted shares of the Company's shares is being issued to Fortress Financial Group, Inc. (PINKSHEETS: FFGO) in settlement of the purchase of the "South Copperstone" Gold property and an additional amount of 38,800,814 restricted shares of the Company's Common Stock is being issued to Fortress Financial Group, Inc. (PINKSHEETS: FFGO) in settlement of the purchase of the "Bouse" Gold property and at a price of US$12.50 per share of Hurasu Resource Corporation Common Stock.
These shares of Hurasu Resource Corporation in the amount of 64,561,039 are to be distributed in full to Fortress Financial Group, Inc.'s stockholders as an Extraordinary Dividend at a date to be set by Fortress Financial Group, Inc.
The balance of the stock in both the "Bouse" and "South Copperstone" Gold properties is being acquired directly from the other stockholders in those properties; giving Hurasu Resource Corporation full ownership of both these Gold properties.
The Company announced on February 13, 2009 that it has changed its name to that of Hurasu Resource Corporation. Filings are being made to obtain a new CUSIP Number for the Company, to be followed by a change of the Company's name and its Trading Symbol.
Hurasu Resource Corporation is effecting a 10 for 1 Reverse Split of its outstanding Common Stock. The "Record Date" and "Pay Date" of this Reverse Split will be filed in due course.
The Company will complete its acquisitions of both the "Bouse" and "South Copperstone" Gold properties immediately post the aforesaid Reverse Split of Hurasu Resource Corporation's shares of Common Stock.
Hurasu Resource Corporation and its Transfer Agent will work alongside Fortress Financial Group, Inc. and its Transfer Agent; to facilitate the accurate and orderly payment of Fortress Financial Group, Inc.'s Extraordinary Stock Dividend of Hurasu Resource Corporation's restricted shares of Common Stock to eligible Fortress Financial Group, Inc. stockholders.
Hurasu Resource Corporation's Management looks forward to welcoming the large body of stockholders being brought onto our stockholder register through this Extraordinary Stock Dividend being paid by Fortress Financial Group, Inc. to its stockholders.
ABOUT FIRST PLATINUM RETAIL INNOVATIONS:
The Company has entered into Agreements to acquire a number of Gold Mining & Exploration properties; namely "Bonanza," "Clara," "El Dorado," "North Rawhide," "Ester Basin," "Potts Mountain" and "McCracken" Gold Projects. The Company's flagship Gold Mining Property is its "Bonanza." The Company has agreed to acquire two additional Gold Mining Projects, those being "South Copperstone" and "Bouse." The Company will conclude these transactions post the Reverse Split of its outstanding shares of Common Stock.
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 company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Oh Look, there was also supposed to be a cash dividend according to the PR 6 months earlier:
Fortress Financial Group, Inc. -- Valuation of Extraordinary Dividend Published: August 25, 2008
Company Confirms the Valuation of the Extraordinary Stock Dividend
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that the Company's interests in both the "Bouse" and "South Copperstone" interests are being sold for an amount of US$645,613,390.
This is being settled in shares of quoted Common Stock in a company to be known as Hurasu Resource Corporation. Full details of this transaction have been filed on a Form 8-K today.
The value of this Extraordinary Stock Dividend is in the amount of US$0.0231 per 1 (one) share of Fortress Financial Group, Inc. held at the "Record Date" to be announced.
The Company has imposed certain conditions upon Hurasu Resource Corporation to ensure that there will be no delays in the issue of this stock and the payment of this dividend to our stockholders. We are pleased to report that all of our conditions in respect hereof, have been met.
The Company is working with professional advisors whom will be coordinating the payment of these this Extraordinary Dividend. The Company in conjunction with its Advisors, will be announcing both the "Record Date" and the "Payment Date" of this Extraordinary Dividend, very shortly.
Hurasu Resource Corporation is purchasing all of the remaining stock in both the "Bouse" and "South Copperstone" companies, thereby settling long outstanding stock dividends due to stockholders of this Company. This will be an unrelated transaction to the Extraordinary Dividend and will not serve to delay the payment of this Extraordinary Dividend in any way whatsoever.
Based upon the significantly higher price obtained for your Company's interest in both "Bouse" and in "South Copperstone" and coupled with the purchase of all of the minority interests in these companies; the Company accepted this offer as being far more acceptable to our stockholders, than the deal with Goldco.
The Company is working on the sale of the Hunt Gold Corporation shares of Common Stock which if successful, will result in a second dividend, payable in cash.
The Company confirms that it is working with its CEO, Alan Santini, on the sale of various of the Company's subsidiary companies to Alan Santini's new Company in return for stock in his new Company. Once finalized, all of this stock held by your Company in Alan Santini's new Company will be distributed to stockholders as another Dividend.
Stockholders will be kept appraised as to all of the developments in respect of these additional two dividends.
About Fortress Financial Group, Inc.
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 a "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 company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
The Company confirms that it is working with its CEO, Alan Santini, on the sale of various of the Company's subsidiary companies to Alan Santini's new Company in return for stock in his new Company. Once finalized, all of this stock held by your Company in Alan Santini's new Company will be distributed to stockholders as another Dividend.
Ummm, anyone remember those various FFGO subsidiaries being sold to Santini's new company? If so, where are those divy's? If they weren't sold, what happened to them? What were those subs, anyway?
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