NEW YORK, March 23, 2012 /PRNewswire/ -- Ruby Creek
Resources, Inc. (OTCQB: RBYC), a gold exploration and mining
company with operations in Tanzania, is pleased to report recent stock
purchases by insiders of the Company.
Ruby Creek's Chairman of the Board David Bukzin has recently
purchased 100,000 restricted shares directly from the Company for
$50,000 through the exercise of
$0.50 warrants obtained in an earlier
private placement. Furthermore, over the course of the last
three months, David has exercised an additional $147,500 of warrants which he held at various
strike prices.
Toby Hansen, Chief Communications
Officer & Process Engineer for Ruby Creek has recently
purchased 60,000 shares of RBYC in a series of open market
transactions over the past two weeks at an average price of
$0.59. Myron Landin, CFO, has
also purchased 15,000 restricted shares directly from the Company
for $7,500 through the exercise of
$0.50 warrants obtained in an earlier
private placement.
David Bukzin comments; "I am
quite excited about the future of Ruby Creek and have voted with my
pocket book. Dan and the rest of the management team have
excelled in planning and executing our mining plan. We are
seeing steady progress on the ground and I anticipate the market
will begin to recognize Ruby Creek as a gold producer this
year."
Toby Hansen said; "I switched
from a successful Engineering career to join Ruby Creek 19 months
ago based upon the potential of the Gold Plateau Project.
Every time I return to Tanzania my
optimism in the Project only grows stemming from wide spread gold
showings across a large area and from the gold that is being
recovered on a daily basis. My recent purchase of our stock
is an expression of confidence I have in the Ruby Creek team and
the Project; an investment I feel will be very profitable in the
future."
About Ruby Creek Resources, Inc.
Ruby Creek Resources, Inc. (www.rubycreekresources.com) is
a gold exploration and mining company. Ruby Creek operates in
Tanzania through its subsidiaries,
Ruby Creek Gold (Tanzania) Limited and Ruby Creek Resources
(Tanzania) Limited. Ruby
Creek is the operator of the Tanzania Gold Plateau Project,
establishing operations and infrastructure, along with the
permitting process in support of the full development and
commencement of gold mining operations on the project.
Forward-Looking Statements
This news release may include certain forward-looking
statements. All statements, other than statements of
historical fact, included in this release are forward-looking
statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. This
notice expressly qualifies all forward-looking statements in this
release. The Company, through its management, makes
forward-looking public statements concerning its expected future
operations, performance and other developments. Such
forward-looking statements are necessary estimates reflecting the
Company's best judgment based upon current information and involve
a number of risks and uncertainties, and there can be no assurance
that other factors will not affect the accuracy of such
forward-looking statements. It is impossible to identify all
such factors, factors that could cause actual results to differ
materially from those estimated by the Company. They include,
but are not limited to, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition and other factors, which may be identified, from time
to time in the Company's public announcements.
SOURCE Ruby Creek Resources, Inc.