QualityStocks would like to highlight Hunt Gold Corp. (PINKSHEETS: HGLC). Hunt Gold is a gold mining and exploration company focused on the development and exploration of their “Mockingbird,” “Ambassador,” “Golden Eagle,” “Gladstone Lookout,” “Lady Alde,” “Lookout Silver,” “Starlight,” “American Flag,” “Venezia,” “Stormcloud,” “Cherry,” “Buffalo Limecap,” “Red Cloud” and “Federal” gold properties.
In the company’s news yesterday,
Hunt Gold Corp. announced that its Joint Venture Company, a partnership between Hunt Gold and a Mining Fund to acquire shares of HGLC, acquired another 800,000,000 “free trading” shares of the company’s common stock from another Seller at a price of $0.000075 per share. That seller is no longer offering the shares in the market.
Total purchases to date by the Joint Venture Company now total to 2,603,863,000 shares of “free trading” common stock. All purchases by the Joint Venture Company were transacted “off market” to eliminate brokerage costs and avoid distortion of trading volumes. The purchases to date have been settled in cash.
Hunt Gold management emphasized that the seller was being forced to dispose of these shares due to financial pressures beyond the seller’s control and was made fully aware that if they were able to hold them for a longer period of time, they would have achieved a far greater price per share.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
