Fortress Financial Group, Inc. -- Further Purchases of Hunt Gold Corporation Stock
Wednesday 09/17/2008 1:25 PM ET - Market Wire
Related Companies
Symbol Last %Chg
FFGO 0.0001 0.00%
HGLC 0.0027 145.45%
As of 3:19 PM ET 9/17/08
Fortress Financial Group, Inc. (PINKSHEETS: FFGO) confirms that it has acquired an additional 300 million "free trading" shares in Hunt Gold Corporation Common Stock at a price of US$0.0015 per share in an "off the market" transaction. This purchase was settled in cash.
The Management of your Company is satisfied that the Management of Hunt Gold Corporation is pursuing the correct strategy for their Company and given their promised new era of "transparency" and the imminent provision of their Mining Reports by that Company, your Company remains convinced that Hunt Gold Corporation shares of Common Stock remain extremely undervalued at this time.
Your Company is protecting its investment in Hunt Gold Corporation through these additional purchases of this Company's shares of Common Stock and these purchases are also serving to reduce Hunt Gold Corporation's "free float" of stock.
The recent recovery in the price of Gold has reinforced your Company's Management's belief in that metal on a long term basis.
Your Company has undertaken not to dispose of any of these shares of Hunt Gold Corporation Common Stock in the market and will continue to hold these shares as an investment, pending an "off the market" sale to a suitable purchaser; and then only at a very substantial premium to Hunt Gold Corporation's current trading price.
Your Company now owns a total amount of 2,149,848,460 shares of "free trading" Common Stock in Hunt Gold Corporation. This holding is valued in the amount of US$3,009,788 at today's trading price of US$0.0014 per share of Hunt Gold Corporation Common Stock.
The Company will file a Form 8-K in respect of these further purchases of Hunt Gold Corporation shares of Common Stock.
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" or "projected." 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 a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Contact:
Financial Insights
(Dick Granieri/Gordon Otter)
E Mail: Email Contact
Telephone: 1-800-530-3545
Fortress Financial Group, Inc.
Alan Santini
Chief Executive Officer
Email Contact
Tel: (954) 840-6961
SOURCE: Fortress Financial Group, Inc.
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