Fortress Financial Group fka FFGO

[andy8033]

rumored buyer: gold corp (nyse:GG)

http://www.americanchronicle.com/articles/view/159762


What is next for Fortress Financial Group, Inc.?
Thomas M Socha
May 31, 2010
According to "Fortress Financial Group, Inc. (Pinksheets:FFGO - News) has been working diligently and has made significant progress toward the finalization of sale of its gold interests. In press releases during April of 2010, the company announced several steps that it has taken toward meeting this objective.

In earlier announcements the company detailed the completion of its shareholder register audits, the re-filing and re-instatement of the Bouse Gold, Inc. and South Copperstone, Inc. and the settlement of the majority of outstanding loan notes. These steps have all been accomplished and are the necessary precedents to the completion of the sale transactions. Moreover the company has incurred large expenses to prepare for the dividend distributions that will commence immediately upon conclusion of the transactions as the Company is distributing the sale proceeds, in full, to its stockholders.

The final steps to the completion of the sale and subsequent issuance of shareholder dividend now remaining are few. Fortress Financial Group, Inc. is currently working toward completion of the Bouse Gold, Inc. and the South Copperstone, Inc. audits. This step is essential as the company acquiring the assets is a publically reporting company.


Once these audits are completed, the acquiring company can finalize the purchase and the subsequent merge-in of the audited accounting, the sale will then be completed."

When the audits are completed FFGO most likely will confirm the sale simultaneously with the rumored potential buyer Gold Corp (NYSE: GG) from investor's blog sites. Why is GG a good candidate they just received over $500 million in the Sale of Escobal Silver Deposit. They are looking for safe and stable countries with good infrastructure to develop and produce mines. The Bouse Gold and South Copperstone properties are located in United States with good infrastructure surrounding these lands.

Disclosure this reporter owns shares in FFGO and the views are just my opinions based from Fortress Financial Group, Inc. press releases.