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Calissio Announces Massive Stock Repurchase Program for up to $1.5 Million

PR Newswire

LAS VEGAS, Jun. 1, 2015

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.
http://www.otcmarkets.com/stock/CRGP/news/Calissio-Announces-Massive-Stock-Repurchase-Program-for-up-to--1-5-Million?id=106038&b=y