Today, Hunt Gold Corp updated investors on the progress of its JV Company's stock purchases. Total purchases to date now total to 1,403,863,000 shares of “free trading” Common Stock after the Joint Venture Company acquired an additional 300 million shares of the Company’s “free trading” Common Stock Tuesday, February 17, 2009.
Hunt Gold's Management emphasized that the sellers of this stock were being forced to dispose of these shares because of financial pressures beyond their control. The Joint Venture Company is making a substantial difference in reducing the number of shares being offered for sale. All purchases have been settled in cash.
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