Zebra Holdings & Investments S.a.r.l.

December 31, 2010 09:00 ET

Zebra Holdings Corporate Update

LUXEMBOURG, LUXEMBOURG--(Marketwire - Dec. 31, 2010) - Zebra Holdings & Investments S.a.r.l. (the "Offeror") announces that on December 31, 2010 it acquired 752,598 common shares (the "Acquired Shares") of Fortress Minerals Corp. (the "Company") at a deemed price of $2.73 per Acquired Share, pursuant to a shares for debt settlement to extinguish $2,054,593.61 in loans and accrued interest owing by the Company to the Offeror. Prior to the acquisition of the Acquired Share, the Offeror, together with an investment company (the "Joint Actor") acting jointly with the Offeror, owned and had control over an aggregate 2,926,395 common shares of the Company, representing approximately 32.232% of the issued and outstanding share capital of the Company. After the issue of the Acquired Shares, the Offeror and the Joint Actor now own and have control over a total of 3,678,993 common shares of the Company, or approximately 37.419% of the issued and outstanding share capital of the Company.

The Offeror and the Joint Actor have acquired securities in the Company for investment purposes only and may, in the ordinary course of their business, acquire additional securities of the Company depending on market and other conditions.

Other than the shares for debt agreement in respect to the acquisition of the Acquired Shares reported in this release, the Offeror is not currently a party to any agreement in respect of the acquisition, holding, disposition or voting of any securities of the Company.

The Acquired Shares are subject to a four month hold period expiring May 1, 2011.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Zebra Holdings & Investments S.a.r.l.
    Mr. Aksel Azrac
    + 352-266-448-1