PATRIOT GOLD CORP. (OTCMKTS:PGOL) Files An 8-K Other EventsItem 8.01 Other Events.
On August 30, 2017, the Board of Directors of Patriot Gold Corp. ("Patriot") approved a share repurchase program ("normal course issuer bid") through the facilities of the Canadian Securities Exchange. Under the normal course issuer bid, Patriot Gold Corp (Patriot) may purchase up to 3,912,760 common shares of the currently issued and outstanding common shares of Patriot. The normal course issuer bid will not extend beyond August 30, 2018. Any purchases will be made by Patriot at the prevailing market prices of the shares at the time of purchase. All shares purchased will be cancelled. The actual number of shares purchased, timing of purchases and the price at which the shares are bought will depend upon future market conditions and potential alternative uses for Patriot's cash resources.
About PATRIOT GOLD CORP. (OTCMKTS:PGOL)
Patriot Gold Corp. is a natural resource exploration and mining company. The Company anticipates acquiring, exploring and developing natural resource properties. It is engaged in undertaking programs in Arizona and Nevada. It focuses on the natural resource sector, gold. As of May 31, 2016, it had three gold projects located in the southwest United States. As of May 31, 2016, its project inventory consisted of the Bruner project, the Vernal project and the Windy Peak project (Windy Peak). The Bruner Property (Bruner) is located over 130 miles east-southeast of Reno, Nevada at the northern end of the Paradise Range. The Vernal Property is located over 140 miles east-southeast of Reno, Nevada on the west side of the Shoshone Mountains. As of May 31, 2016, the Windy Peak Property consisted of 79 unpatented mineral claims covering over 1,630 acres, three miles north-northeast (NNE) of the Bell Mountain and seven miles east of the Fairview mining district in southwest Nevada.