Buscar Company Files For 50% Reduction in Authorized Shares
DENVER, July 7, 2020 /PRNewswire/ -- 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.
SOURCE Buscar Company, Inc.