It was a private transaction and was funded with existing cash resources
Nevada Gold announces repurchase of shares of common stock
(US).- Nevada Gold & Casinos announced that it has repurchased 175,000 shares of its common stock at a per share price of us$ 0.87 and an aggregate price of us$ 152,250.
2009-12-29
Reading time 18 seg
The repurchase was a private transaction and was funded with existing cash resources.
"We are very pleased with the accomplishments made at Nevada Gold during the past few years and have felt, for some time now, that our stock price does not completely reflect those accomplishments,” said Robert Sturges, CEO of Nevada Gold.
This transaction represents an opportunistic use of our cash, and it does not materially affect the amount of cash available for potential acquisitions," added Sturges.
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