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Fortress Global Enterprises Inc (FGE.TO)

FGE.TO on Toronto Stock Exchange

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6 Dec 2019
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Latest Key Developments (Source: Significant Developments)

Fortress Global Says Working With Stakeholders To Develop Potential Transaction Structures
Saturday, 28 Sep 2019 

Sept 27 (Reuters) - Fortress Global Enterprises Inc ::FORTRESS GLOBAL ENTERPRISES PROVIDES CORPORATE UPDATE.FORTRESS GLOBAL - HAS BEEN WORKING WITH CERTAIN STAKEHOLDERS AND THIRD PARTIES TO DEVELOP AND EVALUATE VARIOUS POTENTIAL TRANSACTION STRUCTURES.FORTRESS GLOBAL ENTERPRISES INC - CONTINUES TO EXECUTE ON ITS STRATEGIC AND FINANCING INITIATIVE.FORTRESS GLOBAL ENTERPRISES - GIOVANNI IADELUCA CO'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, WILL BE APPOINTED AS A DIRECTOR EFFECTIVE OCTOBER 1.  Full Article

Fortress Receives Multi-Year Moratorium On Investissment Québec Loan
Tuesday, 18 Jun 2019 

June 17 (Reuters) - Fortress Global Enterprises Inc ::FORTRESS RECEIVES MULTI-YEAR MORATORIUM ON INVESTISSMENT QUÉBEC LOAN.FORTRESS GLOBAL ENTERPRISES - GRANTED MULTI-YEAR MORATORIUM ON UPCOMING PRINCIPAL & INTEREST PAYMENTS BY INVESTISSEMENT QUÉBEC UNDER IQ'S OUTSTANDING LOAN.FORTRESS GLOBAL - RECEIVED, WITHOUT PENALTY, POSTPONEMENT OF ABOUT $45 MILLION IN PRINCIPAL & INTEREST PAYMENTS UNDER IQ LOAN FROM JUNE 30, 2019 TO DEC 31, 2021.FORTRESS GLOBAL ENTERPRISES - PRINCIPAL AMOUNT OF IQ LOAN, INCLUDING CAPITALIZED INTEREST, TO BE REPAID IN QTRLY INSTALMENTS BEGINNING ON MARCH 31, 2022.FORTRESS GLOBAL ENTERPRISES - IQ ALSO AGREED TO EXTEND MORATORIUM AND TERM FOR ADDITIONAL 24 MONTHS.  Full Article

Fortress Global Enterprises Says There Is Significant Uncertainty Whether Company Will Continue As A Going Concern
Tuesday, 4 Jun 2019 

Aug 6 (Reuters) - Fortress Global Enterprises Inc ::FORTRESS GLOBAL ENTERPRISES REPORTS SECOND QUARTER 2019 RESULTS.QTRLY SALES $36.8 MILLION VERSUS $50.1 MILLION.THERE IS SIGNIFICANT UNCERTAINTY WHETHER COMPANY WILL CONTINUE AS A GOING CONCERN.FORTRESS GLOBAL ENTERPRISES- ASSUMES THAT COMPANY WILL BE ABLE TO REALIZE ITS ASSETS AND DISCHARGE ITS LIABILITIES IN NORMAL COURSE OF BUSINESS.FORTRESS GLOBAL ENTERPRISES-MANAGEMENT'S IMPAIRMENT EVALUATION IDENTIFIED IMPAIRMENT LOSS OF $44.9 MILLION AT FSC MILL OPERATIONS AT JUNE 30.ACTIVE DISCUSSIONS WITH COMPANY'S LENDERS ARE ONGOING, AS WELL AS EFFORTS TO SEEK OTHER SOURCES OF FINANCING.NO ASSURANCE THAT COMPANY WILL BE SUCCESSFUL IN RAISING CAPITAL ON ACCEPTABLE TERMS IF AT ALL.FORTRESS GLOBAL ENTERPRISES - ABILITY TO CONTINUE AS GOING CONCERN DEPENDENT ON BEING SUCCESSFUL IN ACCESSING ADDITIONAL SOURCES OF LIQUIDITY.  Full Article

Fortress Global Enterprises Reports Management Transition
Tuesday, 6 Nov 2018 

Nov 5 (Reuters) - Fortress Global Enterprises Inc ::FORTRESS GLOBAL ENTERPRISES REPORTS THIRD QUARTER 2018 RESULTS AND MANAGEMENT TRANSITION.FORTRESS GLOBAL- GIOVANNI IADELUCA WILL BE PROMOTED TO CO'S SUBSIDIARY, FORTRESS SPECIALTY CELLULOSE TO PRESIDENT AND CEO OF FORTRESS GLOBAL.FORTRESS GLOBAL ENTERPRISES - IADELUCA WILL REPLACE CHADWICK WASILENKOFF, WHO HAS TENDERED HIS RESIGNATION AS PRESIDENT AND CEO OF CO.QTRLY EBITDA FROM CONTINUING OPERATIONS OF $7.5 MILLION VERSUS $1.6 MILLION.CHADWICK WASILENKOFF WILL REMAIN AS A DIRECTOR OF COMPANY.  Full Article

Fortress Global Q2 Sales From Cont Ops $50 Mln Vs $42 Mln
Wednesday, 8 Aug 2018 

Aug 7 (Reuters) - Fortress Global Enterprises Inc ::FORTRESS GLOBAL ENTERPRISES REPORTS SECOND QUARTER 2018 RESULTS.QTRLY SALES FROM CONTINUING OPERATIONS $50.077 MILLION VERSUS $42.808 MILLION.  Full Article