UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(D) of the Securities Exchange Act of 1934

Date of Report: (Date of earliest event reported): July 820, 2010

FORTRESS FINANCIAL GROUP, INC. / WY

(Exact name of registrant as specified in charter)

Wyoming

(State or other Jurisdiction of Incorporation or Organization)

000-24262 (Commission File Number)	2780 So. Jones Blvd. #3532 Las Vegas, Nevada 89146	91-1363905 (IRS Employer Identification No.)
	(Address of Principal Executive Offices and zip code)

(954) 623-7409

(Registrant's telephone

Number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:

ooWritten ~~Written~~ communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

ooSoliciting ~~Soliciting~~ material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

~~o Pre~~oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))240.13e-4(c))

ITEM 82.0103 ~~OTHER~~CREATION ~~EVENTS~~OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

REPAYMENT TERMS TO SLOANE INVESTMENTS, INC. FOLLOWING THEIR ACQUISITION OF THE BALANCE OF THE COMPANY’S OUTSTANDING ~~LOAN~~LONG ~~NOTES~~TERM BYLOAN ~~SLOANE INVESTMENTS, INC.~~NOTES

AsFollowing atthe ~~July~~acquisition ~~12,~~of ~~2010,~~all of the balance of the Company ~~was~~’s ~~indebted~~outstanding toLoan ~~Abaxis,~~Notes ~~Inc.~~and inincluding ~~the~~accrued ~~amount~~interest ofto ~~US$34~~date,~~000~~ ~~(Thirty~~as ~~four~~at ~~thousand~~July ~~dollars)~~12, ~~plus~~2010, ~~accrued~~the ~~interest~~Company inowed ~~the~~an amount of US$~~230~~1,~~994~~057,970.5439 (~~Two~~One ~~hundred~~million ~~and~~fifty ~~thirty~~ seven thousand nine hundred and ~~ninety~~seventy ~~four~~ dollars and ~~fifty~~thirty ~~four~~nine cents). ~~This was the remaining balance due~~ to ~~Abaxis~~Sloane Investments, Inc. inand ~~respect~~Sloane ~~of a Loan Note issued to Abaxis~~Investments, Inc. bybecame the Company’s onsole ~~October~~outstanding 1,Loan ~~2008~~Note ~~and bearing interest at the rate of 10% (Ten percent) per annum~~Holder.

OnThe ~~July~~Loan ~~12,~~Notes ~~2010,~~acquired ~~Abaxis~~by Sloane Investments, Inc. ~~disposed~~from ofthe ~~their~~various previous Loan Note inHolders ~~the~~were ~~total~~due ~~amount~~and ofpayable ~~US$264,994.54~~by ~~(Two~~the ~~hundred~~Company ~~and~~no ~~sixty~~later ~~four~~than ~~thousand~~12 ~~nine~~(twelve) ~~hundred~~months ~~and~~from ~~ninety~~the ~~four~~date ~~dollars~~of ~~and~~their ~~fifty~~issue ~~four~~by ~~cents)~~the ~~to Sloane Investments, Inc~~Company.

AsThese atLoan ~~July 12~~Notes, ~~2010,~~now ~~the~~having ~~Company~~been ~~was~~acquired ~~indebted~~by toSloane ~~Redwald Investment Group~~Investments, Inc. ~~in the amount of US$133~~,~~938.90~~ ~~(One~~are ~~hundred~~immediately ~~and~~due ~~thirty three thousand nine hundred~~ and ~~thirty~~payable ~~eight~~by ~~dollars and ninety cents) plus accrued interest in~~ the ~~amount~~Company ~~of US$146,642.19 (One hundred and forty six thousand six hundred and forty two dollars and nineteen cents). This was the remaining balance due~~ to ~~Redwald~~Sloane ~~Investment Group~~Investments, Inc. inupon ~~respect of a Loan Note issued to Redwald Investment Group, Inc~~demand. ~~by the Company on October 1, 2008 and bearing interest at the rate of 10% (Ten percent) per annum.~~

On1. ~~July~~Sloane 12Investments, ~~2010, Redwald Investment Group,~~ Inc. ~~disposed~~and ~~of their Loan Note in~~ the ~~total~~Company ~~amount~~have ofagreed ~~US$280,581.09 (Two hundred and eighty thousand five hundred and eighty one dollars and nine cents) to Sloane Investments, Inc.~~that:

As1.1 atThe ~~July 12, 2010, the~~ Company ~~was~~will ~~indebted~~repay tothis ~~Searchlight~~Loan ~~Exploration,~~Note ~~LLC~~ in ~~the amount of US$130~~full,~~000~~ ~~(One~~together ~~hundred~~with ~~and thirty thousand dollars) plus~~ accrued interest, infrom the ~~amount~~proceeds of ~~US$132,883.03~~the ~~(One~~sale ~~hundred~~of ~~and~~the ~~thirty~~Company’s ~~two~~interests ~~thousand~~in ~~eight~~Bouse ~~hundred~~Gold, Inc. and ~~eighty~~South ~~three~~Copperstone, ~~dollars~~Inc. ~~and~~It ~~three~~is ~~cents).~~specifically ~~This~~provided ~~was~~that the ~~remaining~~Company ~~balance~~shall ~~due~~have tosettled ~~Searchlight~~the ~~Exploration,~~outstanding ~~LLC in respect of a~~ Loan Note ~~issued~~together towith ~~Searchlight~~accrued ~~Exploration~~interest, ~~LLC~~in byfull ~~the Company on October 1, 2008~~ and ~~bearing~~by ~~interest~~no atlater ~~the~~than ~~rate~~August of13, ~~10% (Ten percent) per annum~~2010.

On1.2 ~~July~~The ~~12,~~Company ~~2010,~~shall ~~Searchlight~~have ~~Exploration,~~executed ~~LLC~~upon ~~disposed~~its sale of ~~their~~its ~~Loan~~entire ~~Note~~interest in ~~the~~Bouse ~~total~~Gold, ~~amount~~Inc. ofand ~~US$262~~South Copperstone,~~883~~ Inc.03 ~~(Two~~by ~~hundred~~no ~~and~~later ~~sixty~~than ~~two~~August ~~thousand~~6, ~~eight~~2010 ~~hundred~~with ~~and~~the ~~eighty~~entire ~~three~~sale ~~dollars~~proceeds ~~and~~settled ~~three~~to ~~cents)~~the toCompany ~~Sloane~~by ~~Investments~~no later than August 12, ~~Inc~~2010.

As1.3 atThe ~~July 12, 2010, the~~ Company ~~was~~will ~~indebted~~pay ~~to Soft Trade, Inc. in the amount of US$58,042.75 (Fifty eight thousand and forty two dollars and seventy five cents) plus accrued~~ interest inon the ~~amount~~outstanding ~~of US$65,474.46 (Sixty five thousand four hundred and seventy four dollars and forty six cents). This was the remaining~~ balance ~~due to Soft Trade, Inc. in respect~~ of athe Loan Note ~~issued~~which tois ~~Soft~~calculated ~~Trade~~from June 12, ~~Inc.~~2010 byuntil the ~~Company~~date onof ~~December~~full 1,settlement ~~2008~~ and ~~bearing interest~~ at the rate of 1510% (~~Fifteen~~Ten percent) per annum.

OnIn ~~July~~the ~~12,~~event ~~2010,~~of ~~Soft~~the ~~Trade,~~Company ~~Inc.~~breaching ~~disposed~~the terms of ~~their~~sub ~~Loan~~paragraph ~~Note~~1.1 inand ~~the~~1.2 ~~total~~above, ~~amount~~the ofLoan ~~US$123~~Note,~~517.21~~ ~~(One~~together ~~hundred~~with ~~and~~accrued ~~twenty~~interest, ~~three~~due ~~thousand~~to ~~five~~Sloane ~~hundred~~Investments, ~~and~~Inc. ~~seventeen~~will ~~dollars~~become ~~and~~immediately ~~twenty~~due ~~one~~and ~~cents)~~payable toby ~~Sloane~~the ~~Investments, Inc~~Company.

As at July 8, 2010, the Company was indebted to St James Capital Holdings, Inc. in the amount of US$100,000 (One hundred dollars) plus accrued interest in the amount of US$25,994.52 (Twenty five thousand nine hundred and ninety four dollars and fifty two cents). This was the remaining balance due to St James Capital Holdings, Inc. in respect of a Loan Note issued to St James Capital Holdings, Inc. by the Company on October 31, 2008 and bearing interest at the rate of 10% (Ten percent) per annum.

OnREPAYMENT ~~July~~TERMS 8,TO ~~2010,~~SLOANE ~~St James Capital Holdings~~INVESTMENTS, ~~Inc~~INC. ~~disposed~~FOLLOWING ofTHEIR ~~their~~ACQUISITION ~~Loan~~OF ~~Note~~A inSHORT ~~the~~TERM ~~total~~LOAN ~~amount~~DUE ofBY ~~US$125,994.52~~THE ~~(One hundred and twenty five thousand nine hundred and ninety four dollars and fifty two cents) to Sloane Investments, Inc.~~COMPANY

~~TOTAL~~Sloane ~~AMOUNT~~Investments, ~~OWED~~Inc. TOacquired ~~SLOANE~~the ~~INVESTMENTS~~short term debt owed by the Company to Abaxis, ~~INC~~Inc. ASin ~~THE~~the ~~COMPANY’S~~amount ~~SOLE~~of ~~LONG~~US$207,554.50 ~~TERM~~(Two ~~LOAN~~hundred ~~NOTE~~and ~~HOLDER~~seven thousand five hundred and fifty four dollars and fifty cents) as at July 1, 2010.

~~Following~~The ~~the~~Company ~~acquisition~~had ofno ~~these~~written ~~Loan~~loan ~~Notes~~agreement ~~and~~with ~~the settlement of the accrued interest to date~~Abaxis, asInc. atin ~~July~~respect ~~12,~~of ~~2010,~~ the ~~Company~~terms ~~owed an amount~~ of ~~US$1,057,970.39~~repayment ~~(One million fifty seven thousand nine hundred~~ and ~~seventy~~the ~~dollars~~interest ~~and~~payable ~~thirty~~for ~~nine~~this ~~cents)~~loan ~~to Sloane Investments, Inc~~account. ~~as its sole Loan Note Holder.~~

~~The Loan Notes to Abaxis, Inc~~2., ~~Redwald~~Sloane ~~Investment Group~~Investments, Inc., ~~Searchlight Exploration, LLC, Soft Trade, Inc.~~ and ~~St James Capital Holdings, Inc. were due and payable by~~ the Company nohave ~~later~~agreed ~~than 12 (twelve) months from the date of their issue by the Company. These Loan Note Holders had previously granted extensions of time to the Company.~~that:

~~These~~2.1 ~~Loan~~The ~~Notes,~~Company ~~now~~will ~~having~~repay ~~been~~this ~~acquired~~Loan byin ~~Sloane Investments~~full, ~~Inc.~~together with accrued interest, ~~are~~from ~~immediately~~the ~~due~~proceeds ~~and~~of ~~payable~~the bysale of the Company’s tointerests ~~Sloane~~in ~~Investments~~Bouse Gold, Inc. ~~upon~~and ~~demand~~South Copperstone, Inc. ~~The~~It is specifically provided that the Company ~~will~~shall behave ~~seeking~~settled anthe ~~extension~~outstanding ofLoan ~~time~~together ~~from~~with ~~Sloane~~accrued ~~Investments~~interest, ~~Inc~~in full and by no later than August 13, 2010.

~~ACQUISITION~~2.2 BYThe ~~SLOANE~~Company ~~INVESTMENTS~~shall have executed upon its sale of its entire interest in Bouse Gold, ~~INC~~Inc. OFand ASouth ~~SHORT~~Copperstone, ~~TERM~~Inc. ~~LOAN~~by ~~DUE~~no BYlater ~~THE~~than ~~COMPANY~~August 6, 2010 with the entire sale proceeds settled to the Company by no later than August 12, 2010.

2.3 The Company ~~was~~will ~~indebted~~pay tointerest ~~Abaxis,~~on ~~Inc.~~the inoutstanding anbalance ~~amount~~ of ~~US$207,554.50~~the ~~(Two~~Loan ~~hundred~~which ~~and~~is ~~seven~~calculated ~~thousand~~from ~~five~~June ~~hundred and fifty four dollars and fifty cents) as at July~~ 1, 2010. ~~This~~until ~~was~~the indate ~~respect~~ of ~~funds~~full ~~advanced~~settlement toand at the ~~Company~~rate ~~by Abaxis, Inc. from November~~ of ~~2009~~10% to(Ten ~~that~~percent) ~~date~~per annum.

OnIn ~~July~~the 12event of the Company breaching the terms of sub paragraph 2.1 and 2.2 above, ~~2010~~this loan, together with accrued interest, due to Sloane Investments, Inc. ~~acquired~~will ~~this~~become ~~debt~~immediately ~~from~~due ~~Abaxis,~~and ~~Inc.,~~payable inby ~~full~~the Company.

~~The~~SHORT ~~Company~~TERM ~~had~~IMMEDIATE noLOAN ~~agreement~~FUNDING ~~with~~PROVIDED ~~Abaxis,~~BY ~~Inc.~~SLOANE ~~in respect of the terms of repayment and the interest payable for this loan account. At this time~~INVESTMENTS, ~~the Company has no agreement with Sloane Investments, Inc~~INC. inTO ~~this~~THE ~~respect.~~COMPANY

~~IMMEDIATE~~Abaxis, ~~FUNDING~~Inc. ~~REQUIREMENTS~~advised BYthe ~~THE~~Company ~~COMPANY~~on July 14, 2010 that it will no longer be advancing funds to the Company and that the Company should now seek its funding from Sloane Investments, Inc.

~~Abaxis,~~The ~~Inc.~~Company ~~has~~secured ~~advised~~on ~~the~~July ~~Company~~20, ~~that~~2010 itan ~~will~~immediate noLoan ~~longer~~Facility, benot ~~advancing~~to ~~funds~~exceed ~~and that~~ the ~~Company~~amount ~~should~~of ~~now seek it’s funding from Sloane Investments~~US$200,000 ~~Inc.~~(Two ~~The~~hundred ~~Company~~thousand ~~will~~dollars) befrom ~~negotiating terms with~~ Sloane Investments, Inc. in order to ~~obtain~~be ~~the~~in ~~immediate~~a ~~funding~~position ~~required~~ to pay all of its ongoing expenses; including but not limited to Professional Fees, Investor Relations, Transfer Agent and the ~~Transfer~~distribution ~~Agent~~costs of an upcoming but yet to be confirmed Dividend from the proceeds of the sale of the Company’s interests in Bouse Gold, Inc. and South Copperstone, Inc.

3.	The terms of this very short term funding provided to the Company by Sloane Investments, Inc. are as follows:

3.1	The Company shall pay a fee to Sloane Investments, Inc. in the amount of US$20,000 (Twenty thousand dollars) for the provision of this immediate short term funding arrangement.

3.2	The Company will pay interest on the outstanding balance of the Loan until its settlement in full by the Company and at the rate of 12% (Twelve percent) per annum.

3.3

The Company will repay this Loan in full, together with the accrued interest and fee, from the proceeds of the sale of the Company’s interests in Bouse Gold, Inc. and South Copperstone, Inc. It is specifically provided that the Company shall have settled the outstanding Loan together with the accrued interest and fee, in full and by no later than August 31, 2010.

3.4	The Company shall have executed upon its sale of its entire interest in Bouse Gold, Inc. and South Copperstone, Inc. by no later than August 6, 2010 with the entire sale proceeds settled to the Company by no later than August 12, 2010.

In the event of the Company breaching the terms of sub paragraphs 3.3 and 3.4 above, this loan facility will be immediately terminated and the outstanding balance due to Sloane Investments, Inc., together with accrued interest, will become immediately due and payable by the Company.

THE RELATIONSHIP BETWEEN THE COMPANY AND SLOANE INVESTMENTS, INC.

Sloane Investments, Inc. filed a Schedule 13D on June 30, 2010 disclosing that it had acquired beneficial ownership and sole voting rights in respect of an amount of 17,645,966,686 shares of the Company’s Common Stock. This represents 23.59% of the Company’s outstanding shares of Common Stock. Sloane Investments, Inc. is now the Company’s largest single stockholder.

The Company has finalized terms to dispose its entire remaining assets, those being its shares of Bouse Gold, Inc. common stock and its shares of South Copperstone, Inc. common stock. The Company has undertaken that upon its receipt of the sales proceeds from these disposals, to pay out the entire sales proceeds (after settlement of the above-mentioned loans, fee and interest to Sloane Investments, Inc.) to its stockholders as an Extraordinary Dividend and at a “Record” and “Payment” Date to be determined.

Sloane Investments, Inc. is satisfied with (and is completely in agreement with) the terms and conditions of the form of purchase and sale agreement in respect of the Company’s disposal of its shares of Bouse Gold, Inc. common stock and its shares of South Copperstone, Inc. common stock.

The Company has demonstrated to Sloane Investments, Inc. its ability to execute and close upon the proposed purchase and sale agreement. The Company considers the time limits required by Sloane Investments, Inc. to be fair, reasonable and achievable.

The Company fully understands the implications of its breaching the above-mentioned agreements with Sloane Investments, Inc. which if breached, could result in Sloane Investments, Inc. taking action to exercise its legal and contractual remedies or to join in an involuntary petition for the Company’s bankruptcy.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

	Fortress Financial Group, Inc.
Date: July 14, 2010	By:	/s/ Peter James Bezzano
Date: July 21, 2010	By:	/s/ Peter James Bezzano
		President

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