$CFTN 9/3 News! Clifton Stock Repurchase Plan U
Post# of 7835
Clifton Stock Repurchase Plan Update – Pursuant to the Company's Share Repurchase Plan, the Company has been able to buy back 1,617,374 shares of common stock. All these shares are currently being held as treasury stock. Said management, "we believe that by reducing the float, that this should have a positive impact for shareholder value."
Exploration, Development, and Production - Clifton Mining Company has received the report that for July 2020, Desert Hawk Gold Corp. (Desert Hawk) sold 371 ounces of gold and 344 ounces of silver recovered from the leach pad. They also drilled 959 holes, crushed 50,398 tons of ore, added 613 recoverable ounces to the leach pad, and estimate that they have 4,400 recoverable ounces of gold remaining on the leach pad. Clifton owns 5.81 million shares of Desert Hawk. We anticipate that August numbers should be released shortly.
Please see the Company's website www.cliftonmining.com for additional Company information. Clifton trades on the OTC Markets under the symbol: "CFTN".