Fortress Financial Group, Inc. Acquired Additional Shares of Hunt Gold Corporation Common Stock
Fortress Financial Group, Inc. announced on July 29, 2008 that we have stated very clearly that we are seriously contemplating further purchases of Hunt Gold Corporation’s stock, at what we view as “bargain basement prices,” in the market thereby increasing our Company’s “free trading” stockholding in Hunt Gold Corporation. We have made it extremely clear that we will refuse to sell these additional shares of their stock, purchased in the market; at price of less than 2c (US$0.02) per share.
Hunt Gold Corporation is now “in play” and is definitely subject to a Takeover Bid. This has been confirmed this morning.
Fortress Financial Group, Inc. has directly acquired an additional amount of 42,569,020 “free trading” shares of Hunt Gold Corporation Common Stock at a price of no higher US$0.003 per share. Fortress Financial Group, Inc. holds a further and an indirect amount of 483,750,099 shares “free trading” shares of Hunt Gold Corporation Stock. Fortress Financial Group, Inc. holds an additional amount of 1,363,588,873 restricted shares of Hunt Gold Corporation’s shares of Common Stock.
Alan Santini, the CEO of Fortress Financial Group, Inc. commented that he was continuing to acquire stock in Hunt Gold Corporation and based upon their stock price weakness; may well increase Fortress’s holding to 9.99% of the outstanding shares of Hunt Gold Corporation’s Common Stock. Alan Santini added that he would ensure that the best price could be obtained for this Company and that all serious bidders for Hunt Gold Corporation would serve our Company’s interests as well those Fortress Financial Group, Inc. stockholders who received stock in Hunt Gold Corporation as a Stock Dividend.
About Fortress Financial Group, Inc.
Fortress Financial Group, Inc. was primarily engaged in the issuing and marketing of prepaid debit card and related payment solution activities. Through the closure of the Trinity Mercantile Finance Group and the Mortgage Bank acquisitions Fortress Financial Group, Inc. is now expediting its plans to become a broadly based Consumer Finance Group. The “Mortgage and Consumer Lending Divisions” will comprise the vast majority of the Group’s earnings in the immediate to medium term.
The Company is utilizing is substantial Balance Sheet of circa US$100 million comprised of quoted and unquoted Gold Mining & Exploration stocks (This is after the payment of the Extraordinary Dividend of US$400 million to stockholders) to aggressively fund a large number of acquisitions in the consumer financial services sector; initially focused in the Mortgage Lending and Banking sectors.