Buscar Company Goes In Depth on Acquisition of Eon Discovery
June 15 2020 - 8:00AM
InvestorsHub NewsWire
DENVER, CO -- June 15,
2020 -- InvestorsHub NewsWire -- Buscar Company, Inc.
(OTC: CGLD)
announced today the primary reasons why the acquisition
of Eon Discovery will be beneficial to the company and its
shareholders. Although the positives are numerous, below are
the key factors relevant to the short and long-term success of the
company.
- This project is going
to be a massive undertaking and there is a high confidence level
that EON has a solid team of officers well suited for their
specific roles.
- EON will approach
raising operating capital via non-dilutive
channels.
- As addressed in the
last release, the EON management team has no issue ensuring “no
reverse split” for at least 18 months, if
ever.
- There are many
publicly traded mining companies with market caps in the hundreds
of millions of dollars with zero revenue and have maintained that
status for multiple years. The EON team is certain, due to
previous drilling and exploration completed on site, that they can
reopen and begin mining the Ada Drift Tunnel before the end of
2020. Copies of some of the assays have been posted at
www.buscarcompany.com
- EON has a long-term
business strategy of acquiring additional mines and already has
several on their radar, some with 43-101s already in
place.
As of today, this
transaction is still expected to close on or before June 30,
2020. The Company will not be changing its name or ticker
symbol as part of the transaction with EON. EON will become a
wholly owned subsidiary of Buscar.
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.
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