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Re: puppydotcom post# 217018

Sunday, 03/02/2014 9:30:56 PM

Sunday, March 02, 2014 9:30:56 PM

Post# of 221875
On August 12, 2010 the Company’s wholly owned subsidiary Western Diversified Mining Resources, Inc. (“Western”) entered into an
agreement with North American Gold & Minerals Fund (“North American”) pursuant to which North American agreed to acquire
Western’s 23.22% shareholding in Bouse Gold Inc. (“Bouse Gold”) and Western’s 46.84% shareholding in South Copperstone Inc. (“South
Copperstone”) for North American preferred stock valued at US$258,073,107, or US $0.003449 per share of the Company’s issued and
outstanding common stock. The North American Series A Preferred Stock that will be issued under the Agreement has liquidation and dividend
preferences that apply to future distributions from Bouse Gold, Inc.; the Series B Preferred Stock has liquidation and dividend preferences that
apply to future distributions from South Copperstone, Inc.. The valuation of US$258,073,107 is based on the liquidation preference of the
preferred stock, which is US$16.00 per share for the Series A Preferred Stock and US$2.20 per share for the Series B Preferred Stock. The
annual non-cumulative dividend preference for both Series A and Series B Preferred Stock is 3% of the respective liquidation preference. Both
the Series A and Series B Preferred Stock may be redeemed by the North American Gold & Minerals Fund at any time after January 1, 2011at
a cash redemption price equal to the liquidation preference.

The Agreement is subject to several conditions of closing. The Company anticipates that Closing will occur no later than August 17, 2010.

The Agreement contemplates that the Company will distribute to the Company’s shareholders the shares received as the purchase price, and
North American Gold & Minerals Fund is required to use its best efforts to cooperate in carrying out the contemplated distribution. The
distribution is expected to be 0.00016168455 (rounded up) per 1 (one) share of Series A Preferred Stock for each 1 (one) share of Fortress
Financial Group, Inc. common stock and 0.0003921002 (rounded up) share of Series B Preferred Stock for each 1 (one) share of Fortress
Financial Group, Inc. common stock.

http://wayback.archive.org/web/20120215195048/http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7410532



Just a little short? I wouldn't want to be, at all~

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