Buscar Company
Announces Reverse Merger
with Eon Discovery
Denver, CO
-- June
8,
2020
-- InvestorsHub NewsWire -- Buscar
Company, Inc.
(OTC:
CGLD)
announced today
that
it
has reached an agreement to conduct a reverse merger
with
gold mining operator, Eon
Discovery.
EON
holds the
rights to
mining
claims
held by Treasure
Canyon Enterprises, Inc. (TCEI) in Plumas County California
(https://thediggings.com/owners/1172267).
Based on mutual
confidence that this agreement
will
move forward quickly,
both parties agreed that a simple press release today was
important in order
to address recent
inquiries as to the long-term
future of the
company.
These are the
answers to recent inquiries along with other
relevant points related to this strategic move:
(1)
This
reverse
merger
will
involve a change of leadership and a completely new management
infrastructure.
(2) The
agreement provides that No
Reverse
Split
will
take place as part of this
transaction and that the
Company may not perform a reverse split for the
next
18 months,
thereby,
protecting the
current shareholders' positions.
(3)
The
EON management & operations team currently consists
of 9
key
individuals with plans to
ramp up to well over 100 employees once the operation reaches full
mining capacity.
(4)
As
of today, OTCMarkets
is
up to date on the current share structure.
(5)
This
move
will
also involve bringing the
company current
on OTCMarkets.
All parties
involved expect this reverse merger to be completed by
June
30, 2020.
A
new
company website for Eon
Discovery, Inc.
is under construction. In the interim, a link to the
appraisal for
the 200 acre
Treasure Canyon
Lode Mines is available for
review at https://cgldinfo.com.
Notice Regarding
Forward-Looking Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations
or
intentions regarding the future. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations
and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate.