Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that is has entered into a binding agreement to dispose of its remaining assets, namely its stockholding in two Gold Corporations, Bouse Gold, Inc. and South Copperstone, Inc. The Effective Sale and the Execution Dates of these agreements were required by the Purchaser to be on Thursday, August 12, 2010. On that date both the Purchaser and ourselves will each be filing a Form 8-K with the Sale and Purchase Agreements as exhibits. The Purchaser is a publicly traded corporation and will announce these transactions to its stockholders on August 12, 2010.
The Company has filed today a Form 8-K setting out the revised agreement with Sloane Investments, Inc. This revised agreement allows us to execute the Sales Agreements on August 12, 2010 with the receipt of the sale proceeds being on Monday, August 16, 2010. Additional time was granted by Sloane Investments, Inc. who unconditionally accepted the terms of these sales of our Company's Gold interests.
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