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Friday, November 07, 2014 7:38:00 AM
Robert Talbot Conference Call: "What we’re also looking at doing is enhancing the shareholder value. And do enhance the shareholder value there is a variety of things the company can do. The fact that we have excess cash flow right now, gives us the ability to take certain steps that will enhance the value of this stock. We expect to make announcements over the next little while, as to what we’re doing and how we’re doing it. Some people have asked us to do a buyback. The issue with part of a buyback is that you have to have financial statements that show you have been profitable for two years. We have those financial statements, we meet all the criteria financially and corporately, to be able to do something like a buyback or other issues as we go along."
"New World Gold Corporation (OTC Pink: NWGC) a gold mining and milling company with existing operations in Ecuador and Peru is pleased to announce that it will begin a buy back of 20,000,000 of its common shares under Sections 9(a)(2) and 10(b) of the Exchange Act and Rule 10b-5 under the Exchange Act when issuers repurchase their common stock in the market in accordance with the Rule's manner, timing, price and volume conditions. Each of the conditions of Rule10b-18 must be satisfied on each day that the repurchase is made. The initial repurchase will be completed by December 31, 2014."
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