Fortress Financial Group, Inc. (PINKSHEETS: FFGO) refers prior releases whereby it advised its stockholders that the deadline imposed upon the buyers of our interests in both the "Bouse" and the "South Copperstone" Gold Properties remained in place, that being 1700hrs EDT on Friday March 19, 2010.
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The Company and the Buyers have reached an agreement that the deadline will not be formally extended by the Company but that the Company will work closely with the Buyers over the forthcoming days in order to implement the necessary steps to overcome the last issues that require a resolution in order to consummate the sale of the Company's Gold interests to the Buyers. The primary issue to be resolved is the implementation of the most efficient and expedient mechanism whereby the Buyers will be in a position to acquire the minority interests in both the "Bouse" and the "South Copperstone" Gold Properties; those which arose from the 2005 Stock Distribution to the Company stockholders in respect of both of these Gold Properties. The Buyers do require the eventual acquisition of a 100% interest in both of these Gold Properties. The Company is confident that this issue can be resolved and without any further or unnecessary delays. The Company confirms that the terms and pricing of the deal remain unchanged and as announced.
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