Nevada Gold & Casinos announced the acquisition of 755,644 shares of its common stock for $2.15 per share from Louise Rogers Ornelas, a longtime shareholder and supporter of the company. The shares were purchased for cash and partially funded by a $700,000 draw on the company's bank credit line. This stock purchase, along with our previous purchases, completes the $2M stock buyback authorized by the board of directors of the company in July 2016. Consequently, the board of directors has authorized an additional $2M for future stock purchases, either in the open market or in private transactions. "We are pleased to have completed the $2M stock repurchase program, and received the board's authorization to purchase an additional $2M in company stock, reflecting the Board's confidence in the company's business strategy and strong future cash flow position," said William J. Sherlock, Nevada Gold's Chairman of the Board. "We were able to acquire Mrs. Ornelas' shares at an attractive price, and appreciate her longtime support and confidence in the Company."