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3.5 million tonnes per annum ("mtpa") of LNG.
has entered into its first liquefied natural gas ("LNG") sale and purchase agreement
crush shorty lol
false, see since the gold entered the picture only about one year and that would be the same searchlight gold see its all credible give it up we got ya good lol
i forgot what does rens have to do with ffgo divi?
oh ya guess ya just figured why letter was sent lol better late than never
just fix it
they do seem to have a structural vesting deficiency same area prime time issues not as leathal but non the less a slip up.
i can hear the sec procedural protical wipdip;does not compute must send form does not compute lol
look at the dept. sec lol beaurocratic crap..
/s/Tia Jenkins
Tia Jenkins
Senior Assistant Chief Accountant
Office of Beverages, Apparel, and
Health care Services
thats just wrong wishfullthinking
im not elaborating not my problem we all know how that act effects ffgo board here on ihub ,dont we.
maybe this; The FTC Act prohibits unfair or deceptive advertising in any medium.
I truly do not understand how or why someone as myself would be fined or desrved to be.
Fortress Financial Group, Inc. (PINKSHEETS: FFGO.PK) holds an interest in two Gold Properties, namely "Bouse" and "South Copperstone". The Company has agreed upon final terms in respect of the sale of its interests in both of the Gold Properties. The entire proceeds from these sales are to be distributed through a single Extraordinary Dividend to our stockholders. A Dividend "Record Date" and "Payment Date" are to be set with FINRA immediately upon the execution of the Sale and Purchase Agreements. Upon the receipt of the sale proceeds and the distribution of these entire sale proceeds to its stockholders, Fortress Financial Group, Inc. will no longer hold any interests nor assets of any kind whatsoever.
Fortress Financial Group, Inc. had expected to execute the sale on its Gold Interests by Monday July 5, 2010. The Purchaser’s external Auditors are still in the process of completing the requisite work required in order for the Purchaser to execute the purchase of Fortress Financial Group, Inc.’s Gold Interests. The Purchaser has notified ourselves on Friday July 2, 2010 that they are confident that their Auditors will have completed within two weeks from that date, at the latest. No further Press Releases are to be issued in respect of the execution of the sale process as the terms are agreed upon and upon final execution, stockholders will be notified by Regulatory Filings. Fortress Financial Group, Inc. has provided clear pricing guidelines to its stockholders and nothing further is required to add to what we have stated in our Press Releases and our Regulatory Filings.
http://www.fortfinancegroup.com/
even a whole page on web site dedicated to this divi;
Dividends
Historical Dividends
This will be updated upon confirmation from FINRA of the “Record Date” and the “Payment Date” of the single Extraordinary Dividend payable to our stockholders of record from the proceeds of the sale of your company’s stockholding in Bouse Gold, Inc. and in South Copperstone, Inc.
The “Record” and “Payment” dates will be requested from FINRA immediately upon the signature of the Purchase and Sales Agreement in respect of your Company’s sale of its stockholdings in Bouse Gold, Inc. And in South Copperstone, Inc.
http://www.fortfinancegroup.com/dividends.html
"We are not FFGO." no we are owners LOL!
An individual, business or institution that holds common shares in a company, giving the holder an ownership stake in the company. This will also give the holder the right to vote on corporate issues such as board elections and corporate policy, along with the right to any common dividend payments.
Read more: http://www.investopedia.com/terms/c/common_shareholder.asp#ixzz1bWvoJvqu
its just business lol
watch the buyer end up being some hedgfund lol
ya ive studied that historical issue and i agree it posses the greatest threat
i think its the fact that its at the sole descretion of nmgl board weather or not we get the 3% thats hanging him up but what you say could very well happen if nmgl board so decides, you know. I see it as just one more redundant system to keep the barrel squarly aimed at shortys medulla.
it would apear no dead line exsists, i hate to say but im sure you have figured this out as well
(d) It is anticipated that Purchaser will offer to purchase the
remaining shares of Bouse Gold Inc. and South Copperstone Inc. for Series A
Preferred Shares and Series B Preferred Shares at the same price per share that
is being paid pursuant to Section 1.02 in order to acquire a 100% ownership
interest in both companies. Seller will use its best efforts to assist in
obtaining the agreement of the other shareholders in these companies although it
cannot guaranty their acceptance of such an offer.
(e) It is anticipated that Western's corporate parent will distribute
the Preferred Shares to its shareholders, and will initiate all necessary
corporate action with FINRA and the DTCC to set a "record date" and "pay date"
upon the execution and delivery of this Agreement. Purchaser will cooperate in
good faith in the efforts of Western's corporate parent to complete this
distribution. Assuming that Western's corporate parent has 74,813,049,643 shares
of common stock issued and outstanding, this would be a distribution of
0.00016168455 shares (rounded up) of Purchaser's Series A Preferred Stock per 1
(One) share of common stock of Western's corporate parent, and 0.0003921002
shares (rounded up) of Purchaser's Series B Preferred Stock per 1 (One) share of
common stock of Western's corporate parent, or a total value of US$0.003449 per
share of the common stock of Western's corporate parent.
3. SOUTH COPPERSTONE DIVIDEND PREFERENCE. To the extent that any dividends
are declared by the Board of Directors of the Company from current earnings of
the Company that are attributable to any dividends paid to the Company by South
Copperstone ("South Copperstone Dividends") or South Copperstone Proceeds (after
deduction of a 5% handling fee), shares of Series B Preferred Stock shall be
entitled to receive dividends at a fixed annual rate of Three Percent (3%) of
the Liquidation Preference,, payable solely from said South Copperstone
Dividends or South Copperstone Proceeds, before any South Copperstone Dividends
are paid by the Company on its common shares. Such dividends payable to the
holders of the Series B Preferred Stock shall not be cumulative. So long as any
shares of Series B Preferred Stock are outstanding, no dividend (other than a
dividend in common stock or in any other shares ranking junior to the Series B
Preferred Stock ) shall be declared or paid in any year from South Copperstone
Dividends or South Copperstone Proceeds (other than from said 5% handling fee)
unless, in each case, the full dividend for said year on all outstanding shares
of Series B Preferred Stock shall have been or contemporaneously are declared
and paid from the South Copperstone Dividends or South Copperstone Proceeds.
TERMS OF SERIES "B" PREFERRED SHARES
CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS OF SERIES "B" PREFERRED
STOCK OF NORTH AMERICAN GOLD & MINERALS FUND.
NORTH AMERICAN GOLD & MINERALS FUND (the "Company"), a corporation
organized and existing under and by virtue of the Revised Statutes of the State
of Nevada (the "NRS"), in accordance with Section 78.1955 of the NRS, DOES
HEREBY CERTIFY that:
The Amended and Restated Articles of Incorporation of the Company provide
that the Company is authorized to issue 1,000,000,000 shares of preferred stock,
par value US$0.0001 per share. The Amended and Restated Articles of
Incorporation provide, further, that the Board of Directors is authorized, to
the extent permitted by law, to provide for the issuance of the shares of
preferred stock in series, and by filing a certificate pursuant to the NRS, to
establish from time to time the number of shares to be included in each series
and to fix the designation, powers, preferences and rights and the
qualifications, limitations or restrictions thereof. Pursuant to the authority
conferred upon the Board of Directors by the Amended and Restated Articles of
Incorporation, the Board of Directors, by Unanimous Written Consent dated August
11, 2010, adopted a resolution providing for the designation, rights, powers and
preferences and the qualifications, limitations and restrictions of 62,630,000
shares of Series B Preferred Stock, par value US$0.0001 per share, and that a
copy of such resolution is as follows:
RESOLVED, that pursuant to the authority vested in the Board of Directors
of the Company, the provisions of its Amended and Restated Articles of
Incorporation, and in accordance with the NRS, the Board of Directors hereby
authorizes the filing of a Certificate of Designations, Preferences and Rights
of Series B Preferred Stock of North American Gold & Minerals Fund. Accordingly,
the Company's Series B Preferred Stock shall have the powers, preferences and
rights and the qualifications, limitations and restrictions thereof, as follows:
1. DESIGNATION AND NUMBER OF SHARES. Shares of the series shall be
designated and known as the Series B Preferred Stock of the Company. The Series
B Preferred Stock shall consist of 62,630,000 shares and have a par value of
US$0.0001 per share. Shares of the Series B Preferred Stock (hereinafter
referred to as the "Series B Preferred Stock") which are retired, converted into
shares of the Company's common stock, purchased or otherwise acquired by the
Company shall be cancelled and shall revert to authorized but un-issued
preferred stock, undesignated as to series and subject to re-issuance by the
Company as shares of preferred stock of any one or more series.
2. LIQUIDATION OF THE COMPANY OR SALE OF INVESTMENT IN SHARES OF SOUTH
COPPERSTONE, INC.
15
2.1 LIQUIDATION PREFERENCE Upon (a) any liquidation, dissolution or winding
up of the Company, whether voluntary or involuntary, or (b) any sale by the
Company of all or substantially all of its investment in shares (the "South
Copperstone Shares") of common stock of South Copperstone Inc., a Wyoming
corporation ("South Copperstone"), the holders of the shares of Series B
Preferred Stock shall be senior in rights to the holders of the Company's common
stock as to proceeds of sale (after deduction of the costs and expenses of sale
and a 5% handling fee, the "South Copperstone Proceeds") of the Company's South
Copperstone Shares and shall be entitled to be paid a maximum amount equal to
Two Dollars and Twenty Cents (US$2.20) per share (the "Liquidation Preference")
of the Series B Preferred Stock from said South Copperstone Proceeds. Such
amount payable with respect to one share of Series B Preferred Stock, as the
case may be, is sometimes referred to herein as the "South Copperstone
Liquidation Payment" and, with respect to all shares of Series B Preferred
Stock, as the "South Copperstone Liquidation Payments".
2.2 If upon (a) such liquidation, dissolution or winding up of the Company,
whether voluntary or involuntary, or (b) such sale by the Company of all or
substantially all of its investment in the South Copperstone Shares, the South
Copperstone Proceeds shall be insufficient to permit payment to the holders of
Series B Preferred Stock of the full South Copperstone Liquidation Payments,
then the entire South Copperstone Proceeds shall be distributed ratably among
the Series B Holders.
2.4 Upon (a) any such liquidation, dissolution or winding up of the Company
or (b) any such sale by the Company of all or substantially all of its
investment in the South Copperstone Shares, after the holders of Series B
Preferred Stock shall have been paid in full any South Copperstone Liquidation
Payment to which they shall be entitled as set forth in subparagraph 2.1 above,
the remaining net assets of the Company or South Copperstone Proceeds (to the
extent that the Board of Directors declares a dividend), as the case may be,
shall be distributed to the holders of common stock in proportion to the shares
of common stock then held by them.
3. SOUTH COPPERSTONE DIVIDEND PREFERENCE. To the extent that any dividends
are declared by the Board of Directors of the Company from current earnings of
the Company that are attributable to any dividends paid to the Company by South
Copperstone ("South Copperstone Dividends") or South Copperstone Proceeds (after
deduction of a 5% handling fee), shares of Series B Preferred Stock shall be
entitled to receive dividends at a fixed annual rate of Three Percent (3%) of
the Liquidation Preference,, payable solely from said South Copperstone
Dividends or South Copperstone Proceeds, before any South Copperstone Dividends
are paid by the Company on its common shares. Such dividends payable to the
holders of the Series B Preferred Stock shall not be cumulative. So long as any
shares of Series B Preferred Stock are outstanding, no dividend (other than a
dividend in common stock or in any other shares ranking junior to the Series B
Preferred Stock ) shall be declared or paid in any year from South Copperstone
Dividends or South Copperstone Proceeds (other than from said 5% handling fee)
unless, in each case, the full dividend for said year on all outstanding shares
of Series B Preferred Stock shall have been or contemporaneously are declared
and paid from the South Copperstone Dividends or South Copperstone Proceeds.
16
4. NO VOTING RIGHTS. Except as may be required by law and as is provided in
this Certificate, no holder of outstanding shares of Series B Preferred Stock
shall be entitled to vote their shares of Series B Preferred Stock.
5. REDEMPTION. The shares of Series B Preferred Stock shall not be
redeemable prior to December 31, 2010. On and after January 1, 2011, the
Company, at its option, may redeem shares of Series B Preferred Stock, as a
whole or in part, for cash, at any time or from time to time, at a redemption
price of Two Dollars and Twenty Cents (US$2.20) per share plus, in each case,
any declared and unpaid dividends thereon to the date fixed for redemption. In
the event that fewer than all of the outstanding shares of Series B Preferred
Stock are to be redeemed, the number of shares to be redeemed shall be
determined by the Board of Directors and the shares to be redeemed shall be
determined by lot or pro rata as may be determined by the Board of Directors or
by any other method as may be determined by the Board of Directors in its
discretion to be equitable. In the event the Company shall redeem shares of the
Series B Preferred Stock, notice of such redemption shall be given by first
class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior
to the redemption date, to each holder of record of the shares to be redeemed,
at such holder's address as appears on the stock records of the Company, or by
publishing notice thereof in a newspaper of general circulation in Clark County,
Nevada. If the Company elects to provide such notice by publication, it shall
also promptly mail notice of such redemption to each holder of the shares of
Series B Preferred Stock to be redeemed. Each such mailed or published notice
shall state: (a) the redemption date; (b) the number of shares of Series B
Preferred Stock to be redeemed and, if fewer than all the shares held by such
holder are to be redeemed, the number of such shares to be redeemed from such
holder; (c) the redemption price; (d) the place or places where certificates for
such shares are to be surrendered for payment of the redemption price; and (e)
that dividends on the shares to be redeemed will cease to accrue on such
redemption date. No defect in the notice of redemption or in the mailing thereof
shall affect the validity of the redemption proceedings, and the failure to give
notice to any holder of shares of the Series B Preferred Stock to be so redeemed
shall not affect the validity of the notice given to the other holders of shares
of the Series B Preferred Stock to be redeemed. Notice having been mailed or
published as aforesaid, then, notwithstanding that the certificates evidencing
the shares of the Series B Preferred Stock shall not have been surrendered, from
and after the redemption date (unless default shall be made by the Company in
providing money for the payment of the redemption price) dividends on the shares
of the Series B Preferred Stock so called for redemption shall cease to accrue,
and said shares shall no longer be deemed to be outstanding, and all rights of
the holders thereof as stockholders of the Company (except the right to receive
from the Company the redemption price) shall cease. Upon surrender in accordance
with said notice of the certificates for any shares so redeemed (properly
endorsed or assigned for transfer, if the Board of Directors shall so require
and the notice shall so state), such shares shall be redeemed by the Company at
the redemption price aforesaid. In case fewer than all the shares represented by
any such certificate are redeemed, a new certificate shall be issued
17
representing the unredeemed shares without cost to the holder thereof. Any
shares of the Series B Preferred Stock that shall at any time have been redeemed
shall, after such redemption, in the discretion of the Board of Directors of the
Company, be (x) held in treasury or (y) resume the status of authorized but
unissued shares of preferred stock, without designation as to series, until such
shares are once more designated as part of a particular series by the Board of
Directors.
6. AMENDMENTS. No provision of these terms of the Series B Preferred Stock
may be amended, modified or waived as to such Series without the written consent
or affirmative vote of the holders of at least fifty-one percent (51%) of the
then outstanding shares of Series B Preferred Stock.
IN WITNESS WHEREOF, North American Gold & Minerals Fund has caused this
Certificate to be signed by Ronald Y. Lowenthal, its President and CEO, this
11th day of August, 2010.
couldnt get link to work from 8k nmgl 08/12/2010
any monies that comes from bouse or south copperstone gold comes to us A and B holders first(up to face value) minus a 5% fee period; furthermore to include any divi declared by nmgl board and/or liquidation of the gold properties by nmgl. The 3% divi is a divi that would have to be declared by nmgl to the prefereds of a noncumulative nature; derived from bouse or south copperstone GOLD.
i was speaking about ag and dodfrank exit issues for institutional interests
just read some stuff seamed to make sins
on that topic ,banks/ag ,further to prove it out ,,margin requirmants will further increase ...just heads up ..
cde earnings could see weekness but long will more than make up for near term earnings weekness ...hows that?
I got one for ya say someone purchased twice the outstanding and the company paid a divi, would twice the $ amount pop out the other side lol
3% of $258,000,000= $7,740,000 whats the chance that first year divi may stay in ffgo caufers lol FFGO forever hows that feeeeeel hu lol
and/or
lets just say if someone was thinking i dont have to cover because i can just short the preferd divi this little ol noncumulative for 3% could have a viciouse bit if it so chose to do so, hee hee lol
6 more months of volatility ho hum thats what i heard
resistance is futile
Ron/Sloane got the shares for a promissory note . does anyone know the complete terms of the agreement? when does he have to pay for the shares? does he have to pay cash? can he swap shares?
Ron/Sloane is allowed to sell $50,000.00 worth of FFGO shares each quarter
this company is nothing but AIR .. all they do is shuffle shares and assets back and both between all the insiders, searchlight and the other related companies ..
FFGO, NMGL world leaders in weasel clauses
yes but would the sellers accept it?
i luv it escalation ;well ill be around for the show, spill it whats the rush? whats with all the urgency?
any acredited investor could have done that deal if you had 17billion shares you could have done that deal lol! or maybe that would preclude the need to be here if those shares were in your hands hmmmmmmmm.
doesnt change his basis, man i see the worm is turning, purchase price .0035; insiders . I see I may have to start posting bios of the boards again unbelievable.
yup and when a .0001 gets shorted the only way for shorty to profit is if we go outa business or 5th digit isnt that right, real sinister short game at the lowest tic allowed, right. so see all those ghost.0001 just vaporize well guess what they have not and will haveto pay .0034 each.
fudging numbers again looks like a tendancy hmmmmmmm
"But so what..these days, it appears only $100-200 changes hands per day"
average vol 5.16million
WHATS WITH THE FULL court PRESS ?
avg vol 5,160,000 check ihub
shouldnt ignore the numbers
personal testimony lol good try and has depth to lol
small note ;reconcile numbers against daily volume makes multy legs ir relivant then carry overage adding or subtracting until reconciled see its not even possible to reconcile at 51percent what do you not understand. 51% makes it a no brainer dont even have to run the numbers to see that over 51% never gets reconciled and thats my personal testimony.
looks like youve taken your eye off the gold ,is that right?
rocket its estimate by a long with experiance of bear raid, numbers were after cert pull and by testimony says same peeps are here; seemed high to me to but 400 is no way.
diamond set hook here lol;
AUTHORIZED SHARE CAPITAL OF THE COMPANY
The Company confirms that the Board of Directors had resolved that the Company's existing Authorized Share Capital in the amount of 5 Trillion shares of Common Stock be immediately reduced to an amount of 35 billion shares of Common Stock.
The Company will in due course reduce this number of its Authorized Shares of Common Stock to no higher than the amount of 75 Billion shares of Common Stock through the filing of amended Articles of Association with the Secretary of State in Wyoming.
This should not be construed as to the Company’s intention to issue additional shares of its Common Stock at this time.
look here was digin around had forgot these numbers lol
EXHIBIT 99.1
FORTRESS FINANCIAL GROUP, INC.
SCHEDULE OF SHARES OF COMMON STOCK REPURCHASED
Amount of Stock
Date
Repurchased
Price per Share
Value
Note
June 3, 3008
376,941,669 US$ 0.0139 US$ 5,239,488.92 2
June 3, 2008
14,332,141,579 US$ 0.0139 US$ 199,216,768.00 3
July 8, 2008
500,000,000 US$ 0.0144 US$ 7,220,000.00 4
July 8 & 9, 2008
7,160,000,000 US$ 0.0144 US$ 103,390,500.00 5
FORM 4/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden
hours per response 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SANTINI ALAN
(Last) (First) (Middle)
P.O. BOX CR-56766, SUITE # 789
(Street)
NASSAU, NEW PROVIDENCE C5 00000
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Fortress Financial Group, Inc. / WY [FFGO.PK] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
01/22/2008 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
SHARES OF COMMON STOCK 06/26/2008 06/26/2008 P 2,400,000,000 A $ 0.0001 2,400,000,000 I BY CORPORATIONS
COMMON STOCK 1,500,000,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Alan Santini 07/01/2008
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
FORTRESS FINANCIAL GROUP, INC. / WY
(Name of Issuer)
Common Stock, par value $.0001 per share
(Title and Class of Securities)
34958T 107
(CUSIP Number)
SLOANE INVESTMENTS, INC.
Renasa House, 170 Oxford Road, Melrose, Johannesburg,
Gauteng, Republic of South Africa 2196
Tel: + 27 11 380-3000
---------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 28, 2010
----------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1
CUSIP No. 34958T 107
1 Names of Reporting Persons. SLOANE INVESTMENTS, INC.
I.R.S. Identification Nos. of above persons (entities only): 98-0562470
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) |X|
3 SEC Use Only
4 Source of Funds (See Instructions)
OO
5 Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
6 Citizenship or Place of Organization
Incorporated in the State of Wyoming, USA.
7
Sole Voting Power
17,645,966,686
Number of Shares
Beneficially 8 Shared Voting Power
Owned
9 Sole Dispositive Power
17,645,966,686
10 Shared Dispositive Power
11 Aggregate Amount Beneficially Owned by Each Reporting Person
Reporting Person: 17,645,966,686
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
13 Percent of Class Represented by Amount in Row (11) 23.59%
14 Type of Reporting Person (See Instructions) CO
2
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the Common Stock, par value $0.0001 per share (the "COMMON STOCK") of Fortress Financial Group, Inc., a Wyoming corporation (the "ISSUER"). The address of the executive offices of the Issuer is 848 N. Rainbow Blvd., #3003, Las Vegas, Nevada 89107.
ITEM 2. IDENTITY AND BACKGROUND
(a-f) This Schedule 13D is being filed by SLOANE INVESTMENTS, INC. (the “REPORTING PERSON"). The director, executive officer and control person of the Reporting Person is Mr. Ronald Yadin Lowenthal.
Ronald Yadin Lowenthal, a citizen of the United Kingdom, has a principal business address of Renasa House, 170 Oxford Road, Melrose, Johannesburg, Gauteng, 2196, Republic of South Africa. His principal occupation is that of Mining and Financial Services. Mr. Lowenthal was for many years, a principal of a Stock broking firm in South Africa.
The Reporting Person is a Wyoming corporation, with a business address of c/o Mr. R Y Lowenthal, Renasa House, 170 Oxford Road, Melrose, Johannesburg, Gauteng, 2196, Republic of South Africa.
During the past five years, neither the Reporting Person nor Mr. Lowenthal have been: (i) convicted in any criminal proceeding, or (ii) a party to any civil proceeding commenced before a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is now subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source of the consideration used to purchase the Common Stock on June 29, 2010 was issuance of notes of the Reporting Person.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person has acquired the Common Stock reported by it for investment and it has sole investment power and voting power with respect to the Common Stock reported by it. The Reporting Person acquired the Common Stock because it considered the Common Stock to be an attractive investment opportunity. The Reporting Person may make further acquisitions of Common Stock from time to time or to dispose of any or all of the shares of Common Stock held by it at any time.
The Reporting Person may consider or consummate an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries. The Reporting Person may also consider or consummate a purchase of a material amount of assets of the issuer or any of its subsidiaries.
The Reporting Person intends continuously to review its investment in the Issuer and may in the future change its present course of action. Depending upon a variety of factors, including, without limitation, current and anticipated future trading prices of the Common Stock or other securities of the Issuer, the financial condition, results of operations and prospects of the Issuer and general economic, financial market and industry conditions, the Reporting Person may cause the sale of all or part of the Shares held by it, or may cause the purchase of additional Shares or other securities of the Issuer, in privately negotiated transactions, as part of a cash tender offer or exchange offer, or otherwise. Any such purchases or sales may be made at any time without prior notice. Depending upon the foregoing factors or other factors not listed herein, the Reporting Person may formulate other purposes, plans or proposals with respect to the Issuer, the Common Stock or other equity securities of the Issuer.
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The foregoing is subject to change at any time, and there can be no assurance that the Reporting Person will take any of the actions set forth above. Except as otherwise described in this Item 4, the Reporting Person currently has no plan or proposal which relates to, or would result, in any of the events or transactions described in Item 4(a) through (j) of Schedule 13D, although the Reporting Person reserves the right to formulate such plans or proposals in the future.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date of this Schedule 13D, the Reporting Person beneficially owns 17,645,966,686 shares of Common Stock (the "SHARES"). The Reporting Person has sole voting and dispositive power over such holdings. As of June 29, 2010, the Shares represented 23.59% of the approximate total 74,813,049,643 shares of Common Stock outstanding as previously reported by the Issuer.
(b) The Reporting Person holds sole voting and dispositive power over the [17,645,966,686] shares of Common Stock held by the Reporting Person.
(c) Within the last seven days, the Reporting Person, made the following acquisitions of the Common Stock in privately negotiated transactions at the prices indicated:
DATE NO. OF SHARES ACQUIRED PRICE PER SHARE
June 28, 2010 17,645,966,686 US$0.0035
(d) Other than the Reporting Person, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.
(e) Not Applicable
ITEM 6. CONTRACTS, AGREEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Not Applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
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S I G N A T U R E
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete, and correct.
SLOANE INVESTMENTS, INC.
Date: July 1, 2010
By:
/s/ Ronald Yadin Lowenthal
Name: Ronald Yadin Lowenthal
Title: President
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