LAS VEGAS, Jun. 1, 2015 /PRNewswire/ --Calissio Resources
Group Inc. (CRGP) ("Calissio" or the "Company") is pleased to
announce today that its Board of Directors has authorized a share
repurchase program of up to $1.5
million of the Company's outstanding common shares. The
Board of Directors believes that a share repurchase program would
be in the best interests of the Company and its shareholders, and
that it will not impact the Company's ability to execute its growth
plans. The program will be funded by the Calissio's available cash
balance.
"Our share repurchase program supports our dedication to
delivering increased value to our shareholders," said Adam Carter, the President & CEO of Calissio
Resources Group. "We remain committed to maintaining a very strong
balance sheet and financial position, enabling the company to
invest in growth-oriented opportunities. This action also reflects
the our confidence in long term expansion strategies and the
Calissio's future performance."
Under the stock repurchase program, the Company is authorized to
repurchase, from time-to-time, shares of its outstanding common
stock in the open market. The timing and amount of share
repurchases will be determined by the Company's management team
based upon its evaluation of market conditions and other
factors.
Calissio Resources Group Inc., focused on the acquisition and
development of base metals projects in Mexico that are currently in or near
production and advanced exploration properties that will add
substantially to the Company's asset foundation. Management is
continuing to actively pursue mineral interests that represent
significant growth, value and cash flow opportunities.
For additional information, please visit:
http://www.calissioresources.com.
This press release contains statements that are forward-looking
and which involve a number of risks and uncertainties. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in question are based on Calissio
Resources Group, Inc.'s current expectations and projections about
future events, based on information currently available.
The forward-looking statements found in this press release may
also include statements relating to Calissio Resources Group,
Inc.'s anticipated financial performance, business prospects, new
developments, strategies, and similar matters. Calissio Resources
Group, Inc. provides no assurance regarding the actual outcome of
the events contemplated by any forward-looking statements included
in this release. Calissio Resources Group, Inc. disclaims any
obligation to update any of its forward-looking statements, except
as may be required by law.
Contact:
Calissio Resources Group Inc.
Investor Relations
+1-702-605-4172
ir@calissioresources.com
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SOURCE Calissio Resources Group Inc.
