12,096,115 shares of the Series A Preferred Stock at a price of US$16.00. These shares were issued in payment of the purchase price for a 23.22% shareholding in Bouse Gold Inc.; this issue being to 1 (One) Accredited Investor.
29,334,212 shares of the Series B Preferred Stock at a price of US$2.20. These shares were issued in payment of the purchase price for a 46.84% shareholding in South Copperstone Inc.; this issue being to 1 (One) Accredited Investor.
Also, on 9/8/10, the Company added this to their website. Please note what it says in blue.
THIS IS NOT OVER by any means...! MANY MANY wish for that (i.e. criminals that have naked shorted FFGO to the "gill") but they're NOT getting their wish...
We believe that this transaction is the final step to the ultimate realization of a monetary return for your investment. It may take several months and even more than a year to realize that return in full.Whatever the case, the return will be well worth the wait if you are a believer in the price of Gold maintaining its price in excess of US$900/oz over that time period. The majority shareholders of Fortress are long term investors that have invested their money in the Company for the ultimate return to be realized from the eventual disposal of the gold interests. The idea that somehow the majority investors have benefited from the sales of Fortress shares of common stock at a huge discount to the anticipated value of this return is ludicrous and our shareholders should completely disregard any speculation that suggests otherwise.
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