Posted by: mattyhoho Date: Sunday, July 18, 2010 12:01:33 AM In reply to: None Post # of 141013
from searchlightwest@aol.com to xxxxxxxxxxxxxxxxxxxxxxx date Sun, Jul 18, 2010 at 6:31 AM subject Re: Bouse, South Copperstone Properties mailed-by aol.com
Mr. xxxxxx,
Thank you for your inquiry.
Searchlight Exploration, LLC is a private company and does not make filings with the SEC. However, we will respond to your questions.
A number of years ago Bouse Gold Inc. and South Copperstone Inc. acquired the Bouse and South Copperstone gold properties from Searchlight Exploration, LLC pursuant to Project Acquisition Agreements that were filed with the SEC by Fortress Financial Group, Inc. (then named Great West Gold, Inc.). These agreements remain in effect, although Searchlight Exploration, LLC has agreed to amend the agreements to facilitate the sale process for Fortress Financial Group Inc.'s interest in Bouse Gold Inc. and South Copperstone Inc.
We have reviewed the SEC filings made by Fortress Financial Group, Inc. and Sloane Investments, Inc. concerning Sloane Investments, Inc.'s acquisition of Fortress Financial Group Inc. shares of common stock and Loan Notes. These SEC filings correctly report Sloane Investments Inc.'s acquisition of loan notes and Fortress Financial Group, Inc. shares from Searchlight Exploration, LLC and other parties.
We would refer you to Fortress Financial Group, Inc.'s SEC filings, press statements and website for more information on these subjects. We do not believe that we are privy to any information that has not been disclosed by Fortress Financial Group, Inc. through these media.
AMENDED AND RESTATED PROJECT ACQUISITION AGREEMENTS B/W BOUSE GOLD INC AND SEARCHLIGHT EXPLORATION LLC as well as B/W SOUTH COPPERSTONE INC AND SEARCHLIGHT EXPLORATION LLC as of July 28, 2010 http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7385235
***************************************************************************************************************** Emailed Searchlight- asked why Claims are not in the name of Bouse Gold, Inc. and S. Copperstone, Inc. Reply below.
Tue, July 20, 2010 8:18:30 PM Re: Quick Question From: "searchlightwest@aol.com" <searchlightwest@aol.com> To: vxxxx
The Project Acquisition Agreements provide that the mining claims are transferred to the buyer's names (in this case Bouse Gold Inc. and South Copperstone Inc.) when the buyers have reached a decision to open the mines and obtained the funding to do so. This is standard industry practice and a majority of our agreements over the years have been written this way. While there are a number of benefits to the buyer, the principal reasons are protection of the buyer from both tort and tax liability.
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