Fortress Financial Group Inc. (FFGO) confirmed Thursday that it has now terminated its repurchases of Hunt Gold Corp.'s stock because its lender has declined to fund any further stock repurchases and cancellations. The company has been formally advised by its lender that should the company attempt to dispose of any Hunt Gold shares, the lender will cease to advance any further funding to the company. Fortress Financial is engaged in the acquisition and exploration of mining properties. It holds approximately 48% of Hunt Gold's common stock as an investment.
-By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=VRD32MtgWpTbaoQgILdS%2Fg%3D%3D. You can use this link on the day this article is published and the following day
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.