Buscar Company Files For 50% Reduction In Authorized Shares
July 07 2020 - 7:00AM
InvestorsHub NewsWire
DENVER, CO --
July 7,
2020 -- InvestorsHub NewsWire -- Buscar Company,
Inc. (OTC: CGLD)
announced today
that the number of
Authorized
Shares for the company
will
be
reduced by 50 percent to 250M
shares.
Buscar Company
President
Thomas W. Heathman stated, "As we build out our
infrastructure, we do so with an eye
on the long term strategy of the company. As we look out for the
foreseeable future, we see
no
advantage to keeping the authorized share count so high.
We are close to determining the number of shares to be issued to
all new officers and directors and a
250 million authorized share count will be more
than enough to cover the shares being
issued.
Today we filed with the Nevada Secretary of State to make this
change."
Buscar
Company
recently announced the acquisition of Eon
Discovery, a mining operation that holds the rights to the Treasure
Canyon Mining claims located in Plumas County, California.
More information on the 200 acre property, maps, drawings, assays
and an appraisal of the mineral reserves can all be found at the
company website, https://BuscarCompany.com.
Mr. Heathman finished
up with, "All new shares should be issued to officers and directors
by the end of this month and will be updated accordingly at
OTCMarkets.com. As previously stated, all new shares will
have a two year hold and
in
response to a recent question asked by one of our
shareholders, there
are
no
shares available to
be sold into the market
by the company even if we wanted
to. On
the day
of issuance, the total number of shares available to the public
will be the same as today; 3,254,916 free trading shares. We
have much more to share with you in the coming weeks and I look
forward to speaking with you again soon."
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.
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