FFGO news:
Tuesday, March 25 2008 12:19 PM, EST Fortress Financial Group, Inc. -- Acquisition of Additional Hunt Gold Corporation Stock Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 03/25/08 -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has, this morning, acquired an additional amount of 50,000,000 (fifty million) shares of Hunt Gold Corporation at a price of US$1.25 per share.
These shares were acquired from several Hunt Gold Corporation stockholders. These transactions were effected "off market."
Fortress Financial Group, Inc. is of the opinion that the current weakness in the Hunt Gold Corporation stock price will be overcome at such time as Hunt Gold Corporation's Board of Directors are in a position to release its updated Mining Valuations and reveal its strategy for that Company, going forward.
Fortress Financial Group, Inc. now controls an amount of 533,856,464 shares of Hunt Gold Corporation Common Stock. It intends to retain these shares for its Investment Portfolio and to continue to remain with its stated policy of utilizing its substantial investment portfolio as collateral; for borrowings to fund its stated aggressive acquisition policy of established companies which have a substantial profit history and are cash generative; in the consumer financial services sector.
Alan Santini, the Chief Executive Officer of Fortress Financial Group, Inc. , stated today "that Fortress acquired these shares at bargain basement prices based upon the value of Hunt Gold Corporation's assets and its Net Asset Value per Share." He added that "Fortress would continue to leverage off its substantial Asset Base to seize opportunities as they are presented to the Company; and without delay." Alan Santini added that "Fortress remained a buyer of Hunt Gold Corporation stock; at the current price levels."
