NEW YORK, March 23, 2012 /PRNewswire/ -- Ruby Creek Resources, Inc. (OTCQB:RBYC), a gold exploration and mining company with operations in Tanzania, is pleased to report recent stock purchases by insiders of the Company.
Ruby Creek's Chairman of the Board David Bukzin has recently purchased 100,000 restricted shares directly from the Company for $50,000 through the exercise of $0.50 warrants obtained in an earlier private placement. Furthermore, over the course of the last three months, David has exercised an additional $147,500 of warrants which he held at various strike prices.
Toby Hansen, Chief Communications Officer & Process Engineer for Ruby Creek has recently purchased 60,000 shares of RBYC in a series of open market transactions over the past two weeks at an average price of $0.59. Myron Landin, CFO, has also purchased 15,000 restricted shares directly from the Company for $7,500 through the exercise of $0.50 warrants obtained in an earlier private placement.
David Bukzin comments; "I am quite excited about the future of Ruby Creek and have voted with my pocket book. Dan and the rest of the management team have excelled in planning and executing our mining plan. We are seeing steady progress on the ground and I anticipate the market will begin to recognize Ruby Creek as a gold producer this year."
Toby Hansen said; "I switched from a successful Engineering career to join Ruby Creek 19 months ago based upon the potential of the Gold Plateau Project. Every time I return to Tanzania my optimism in the Project only grows stemming from wide spread gold showings across a large area and from the gold that is being recovered on a daily basis. My recent purchase of our stock is an expression of confidence I have in the Ruby Creek team and the Project; an investment I feel will be very profitable in the future."
About Ruby Creek Resources, Inc.
Ruby Creek Resources, Inc. (www.rubycreekresources.com) is a gold exploration and mining company. Ruby Creek operates in Tanzania through its subsidiaries, Ruby Creek Gold (Tanzania) Limited and Ruby Creek Resources (Tanzania) Limited. Ruby Creek is the operator of the Tanzania Gold Plateau Project, establishing operations and infrastructure, along with the permitting process in support of the full development and commencement of gold mining operations on the project.
This news release may include certain forward-looking statements. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. This notice expressly qualifies all forward-looking statements in this release. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors, which may be identified, from time to time in the Company's public announcements.
SOURCE Ruby Creek Resources, Inc.