The total sale price equates to an amount of US$0.003449 per share of Fortress Financial Group, Inc. Common Stock based upon our number of outstanding shares of Common Stock on August 2, 2010. No additional shares of Fortress Financial Group, Inc. are to be issued whatsoever.
Upon the payment of this Dividend, Fortress Financial Group, Inc. will hold no further assets and will become dormant. No offers have been made to Company at this time.
We wish to stress that these transactions are now binding upon ourselves and the Purchaser with no variations to these Sale and Purchase Agreements. The sale agreements are complex and will be dealt with in greater detail in our regulatory filings on August 12, 2010. The price of Gold will no longer be a factor for the sale pricing of these agreements as the terms, as announced in this Press Release, are final.
Fortress Financial Group, Inc. -- Completion of Sale
LAS VEGAS, NV, Aug 11, 2010 (MARKETWIRE via COMTEX) -- Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it will be filing a Form 8-K on Thursday August 12, 2010 at 16:10 EDT, as it has concluded the sale of its entire stockholding in both Bouse Gold, Inc. and in South Copperstone, Inc. The Purchaser of these assets will be filing a Form 8-K at the same time.
The Company will be updating its web site on Friday August 13, 2010 to reflect full details of the sale of the Company's assets.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually," "projected" or "guidelines." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in filings made by such company with the SEC.