Buscar Company Provides Acquisition Update
July 01 2020 - 08:00AM
InvestorsHub NewsWire
DENVER, CO --
July 1, 2020 --
InvestorsHub NewsWire -- Buscar Company,
Inc. (OTC: CGLD)
announced details
today related
to the recent acquisition of Eon
Discovery.
New Buscar
Company, President Thomas W.
Heathman stated, "In the next few
weeks, we will be taking a few steps to shore up
some
of the administrative
aspects of the company and I would like to share those with you at
this time. Everything
covered here today is being done in the best interest of existing
and future shareholders of Buscar Company, Inc."
- Our
objective is to reach mining status as soon as possible. The
filing of our "Plan of Operations" takes precedence over everything
else at this point. It
is being
finalized and
is
expected to be filed
shortly. Please note
that this filing is not being done as a new Plan of
Operations, but instead is a
continuance of a Plan of Operations that was approved in years
past.
- We
fully expect to reach "Current" status at OTCMarkets.com in the
coming weeks and that is our
second
priority in the short term.
- Our
intermediate
term objective is to move
to OTCQX status at the appropriate
time, so let me put that
objective together for you here
in a
logical thought process that is
relatable.
Buscar
is a
non-reporting company. There is no advantage to us to change
that status. In fact, you can hold QX status as a
non-reporting entity. As a non-reporting
company, all new shares issued to new
officers and directors, including me will have a two year
hold. Beyond that two years, we plan to
incentivize
all
shareholders in a unique way that
encourages long term ownership. There are approximately
3.2M
shares in the float. On the day that we issue
the
new restricted shares to
lock in majority ownership as part of the
reverse merger, the float will
still be 3.2M shares.
- All
former
officers and directors of CGLD have resigned their positions
in
conjunction with the
EON
team
being added in their place.
Mr. Heathman finished
up with, "We want
to
thank you for your support as we work through all
of the above and we look forward to covering more details with you
soon. In the
interim, we have created a Forum/Discussion board on our
website. From time to time there may be topics
of
discussion that do not warrant a press release, but we'd like to
share with you in a timely
manner. Feel free to
join the Forum to remain fully up to date."
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.
Contact:
+1-(661)-418-7842
info@buscarcompany.com
SOURCE Buscar
Company, Inc.
Buscar (PK) (USOTC:CGLD)
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