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CHARLOTTE, N.C., March 11, 2020 (GLOBE NEWSWIRE) --

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Beano1969   Wednesday, 03/11/20 01:12:47 PM
Re: Strummer7 post# 22061
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CHARLOTTE, N.C., March 11, 2020 (GLOBE NEWSWIRE) -- CAVU Resources (CAVR) announced: In a private transaction that closed on March 2nd, 2020, the company completed an all-cash share buyback of all its Preferred A shares, in addition to all common shares held by its previous CEO and affiliated groups. The number of shares to be returned to treasury is the equivalent of 118,007,477 common shares which will be reflected with the Transfer Agent.

As the company continues to develop its “Growing Together” brand, management remains fully committed to shareholder friendly transactions involving no toxic dilution.

“In the best interest of our future and the best interest of our shareholders, we felt it was critical to tighten, strengthen our position, mitigate risk and eliminate the past by investing in ourselves. Now that we’ve successfully executed and closed our share buyback strategy, we are excited and are focusing on completing the final requirements in order to move CAVU (CAVR) to the OTCQB." CAVU CEO Bob Silver.

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