Hunt Gold Corp. announced today that its Joint Venture Company, formed to acquire HGLC shares as a short to medium term investment, acquired an additional 425 million shares at a price of $0.0001. Total purchases to date by the Joint Venture Company now total to 3,028,863,000 shares.
Joint Venture Company’s purchases have substantially reduced the total of Common Stock being offered in the market. The Joint Venture Company and the Company’s Management currently believe that they won’t be unable to purchase additional shares in “off the market” transactions since they have been unable to attract any further Sellers at these prices.
Further purchases of the company’s shares by the Joint Venture Company will be affected in the market once Hunt Gold’s website is launched. The company believes today’s earlier news announcing Assay results will “undoubtedly cause the Company’s stock price to higher price levels in a short period of time.”
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