LAS VEGAS, Aug. 13, 2015 /PRNewswire/ -- Calissio Resources Group, Inc. (CRGP) announced today that it has retired 77,250,000 shares of its common stock after a share buy back.
This action provides the opportunity for Calissio to have a more united capital structure and valuation that will position the Calissio for expansion and growth. The shares were retired to the Company's stock treasury account on August 10, 2015.
"Our goal is to continue the efficient development of our Company, protect the purity of the stock structure, and build shareholder value. The retirement of this stock reduced the total issued to 242,823,237 shares, greatly increasing the ownership percentage of the Company's public shareholders," said Adam Carter, President and CEO.
Progress on Share Buy Back Program
Further to the share buy back program announced on June 01, 2015, that during the period from June 01, 2015 until August 12, 2015, Calissio purchased 95,750,000 of its shares at an average price of $0.0043 per share. The total number of shares repurchased under this program to date is 95,750,000 common shares for a total consideration of USD$411,725.00.
In addition, the Company remains on schedule for quarterly dividend payment on August 17, 2015. A cash dividend of USD$0.011 per common share of the Company, to be paid to the holders of the issued and outstanding Common Shares as of the close of business on June 30, 2015 and a stock dividend of 3% to be paid to shareholders of record at the close of business on June 30, 2015.
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.
Calissio Resources Group, Inc.
SOURCE Calissio Resources Group Inc.