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So you are admitting then the rules require a 2 year hold then. Glad we all agree on such a simple fact.
It doesn't matter since only the transfer agent can remove restrictions. So you would have to be saying the transfer agent and the transfer agent's attorney is part of it then.
You do know the transfer agent removes restrictions not the company.
No restrictions can be removed for 2 years.
It is impossible for it to be convertible in 180 days since the Company is a non-reporting company and was a shell previously. As a result, the holding period would be 24 months as Rule 144 requires a non-reporting company to never have been a shell otherwise the Rule does not apply. The 2-Year rule is commonly referred to as Section 4 (1 1/2) exemption which was created in the case of United States v. Sherwood.
In case you really want to learn about it: http://lawcast.com/2015/06/23/section-4a1-4a1%C2%BD-exemption-recommendations-amendment-rule-144-related-shell-companies/
Consolidation Continues... MM
"Current" status just hours away it seems on CGLD Buscar Company. Just a heads up! GLTA MM
About to go "Current" within hours - CGLD Buscar Company
Welcome to the board. MM
250M Shares Authorized; recently reduced by 50% from 500M.
Authorized just recently lowered from 500M to 250M. Impossible to do what you implied. GLTY MM
Share Structure
Authorized Shares
250,000,000
07/21/2020
Outstanding Shares
18,681,321
07/21/2020
Float
3,254,916
07/08/2020
News Out!
Good morning, CGLDers! Good luck to all! MM
#4 Now On The Big Board and climbing!
NEW Management Team
Alex Dekhtyar, CEO, Chairman of the Board. Alex is a financial specialist who has in excess of 15 years of experience in finance and business development. He brings a wide variety of strengths that include strong international banking expertise, financial management, and marketing. Alex was President of Avalon Capital Holdings Inc. a publicly traded international technology company that specialized in bank and brokerage house software. Alex has over 15 years of experience in the management of start-up companies, including ten years involved specifically in foreign exchange (forex). He is sought after for his abilities to take companies with promising technologies and properly structure them to allow them to successfully achieve their business strategies. Alex has significant experience in international business development with a focus on Eastern Europe.
https://www.linkedin.com/in/alexander-de-khtyar-0b04a611/
Andrew Osichnuk, CFO, Director. Andrew is a financial banking expert. As a co-founder of Dialogue Key, he is one of the developers of the global business strategy of the company. He was a founder and a vice-president of the Central European Bank (former) and worked with the administration of the president of Ukraine. Andrew has a master's degree diploma in philosophy (Ukrainian State University, Kiev. Master's in Philosophy and Philosophical Discipline Pedagogy. 1981), and he taught philosophy at Kyiv's State University and various colleges. He received a second Master's degree from the Ukrainian National Technical Academy, Kyiv in1996. Master's in Applied Mathematics in Computer Science.
https://www.linkedin.com/in/atakam/
Thomas W. Heathman, President, Director, Mining Officer. Mr. Heathman has the education and experience in geology, in-ground asset valuation, cost analysis of industrial, environmental and mining processes to manage and support a variety of large-scale programs in the mining and extraction industries. He started his career in the minerals exploration and extraction industry, moved into energy exploration and extraction, and has spent sixteen years in the environmental field. Throughout his career, his technical expertise has focused on the cost and risk analyses of resources and industrial and extractive processes, which provides him with a solid background to evaluate the reserves and resources of the Treasure Canyon Lode Claims. Mr. Heathman has been involved in the identification of valid mineral prospects, the staking of claims, sampling of surface exposures, and geophysical survey planning for Treasure Canyon Lode Claims for the last 12 years . Mr. Heathman brings his broad experience in cost, risk, and mineral economic evaluation analyses to support various aspects of the company.
24 months. The company is a non-reporting company that was a shell at a previous point in its existence. As such, Rule 144 does not apply and shares would require a 24 month holding period. Additionally, affiliates would not be able to remove the restrictions even after 24 months.
There's been a series of 6 or so infomative press releases and zero additional shares added into the market.
Everyone here is well aware of the definition of a P&D. This is not one. See above. No amount of posts saying the same thing over and over again will make it one.
I agree. More information is never a bad thing. Many of us just don't know what to with it since never seen a company provide it. But as we get more information on these then we should figure out what information we can glean from it.
It is interesting to see if they post more in the future and see how shares move from broker to broker. Provides additional information that I don't know that anyone else is providing.
Post from the Forum about equipment - 15 tons per hour.
https://www.buscarcompany.com/forum/mining/equipment-for-mining
The Company provided an updated float report for July 24 and the changes from July 23.
https://www.buscarcompany.com/forum/general-discussions/new-posted-spr
https://backend.otcmarkets.com/otcapi/company/financial-report/252713/content
They're not going to increase the float. It has been mentioned too many times in multiple press releases for that to happen. In fact, they have gone out of their way to reassure us that this is the case. In fact, they just now put out a breakdown of the float on Twitter...
We have been getting questions on the float. We uploaded the Security Position Report from DTC showing how many shares are held at DTC and at brokers. We plan on updating this information on a monthly basis.$cgldhttps://t.co/3eWW0zrnE3
— Buscar Company (OTC: CGLD) (@BuscarCompany) July 24, 2020
Check out this Twitter entry! Complete breakdown of the float! Talk about being totally transparent! GLTA MM
We have been getting questions on the float. We uploaded the Security Position Report from DTC showing how many shares are held at DTC and at brokers. We plan on updating this information on a monthly basis.$cgldhttps://t.co/3eWW0zrnE3
— Buscar Company (OTC: CGLD) (@BuscarCompany) July 24, 2020
Q&A should be interesting. GLTA MM
CGLD Files To Bring Company "Current"
DENVER, CO -- July 23, 2020 -- InvestorsHub NewsWire -- Buscar Company, Inc. (CGLD) announced today that the company has filed its application to bring the company current at OTCMarkets.com.
Buscar Company President Thomas W. Heathman stated, "On June 17th we filed the application with OTC Markets to move from "No Information" to "Current" status. From here we are confident that it is just a matter of OTCMarkets processing the paperwork. After the application has been processed we will upload our Annual Report which has already been prepared and ready to submit. This is just one more step in the process of us ultimately achieving OTCQX status which we expect to reach by year end if all goes as planned."
Buscar Company is 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, "We are also close to finishing the issuance of all share certificates with two year restrictions to new officers and directors. The number of shares in the float will not change. Both the company status and the share count should be updated by the end of this calendar month if not as early as next week. We are still fielding questions for the upcoming Q&A session and have scheduled the call for July 31 at 4:30pm Eastern Time. We will provide additional information next week about the call. As always, we thank you for your support."
Awesome! Hope everyone has a great day! MM
Good morning CGLDers! Let's make it a good one. MM
Check it all out. Hope you stay a while. MM
Likewise. Let's see what CGLD has in store this week. GLTA MM
..."we will be holding a Q&A session at the end of this month where people can call in and catch up on all the latest developments"
Buscar Company Files Plan of Operations for Treasure Canyon Lode Mine in Plumas County California
DENVER, CO -- July 17, 2020 -- InvestorsHub NewsWire -- Buscar Company, Inc. (OTC: CGLD) announced today that the Plan of Operations for the 200 acre Treasure Canyon site in Plumas County has been filed with the US Forest Service.
Buscar Company President Thomas W. Heathman stated, "We are pleased to announce that the company filed our Plan of Operations with the Forest Service. This is the key step towards getting us to "active" status and physically mining the Treasure Canyon site before year end. The fact that this site already had a Plan of Operations approved in years past gave us a huge head start on the filing. We engaged in multiple extensive discussions with the Forest Service prior to filing and feel confident that everything is in order and presented in enough detail to be approved."
Buscar Company is 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 added, "due to the amount of detail included in the filing, it would be impossible to cover everything submitted in a press release, so we will upload some of the key components of the filing to our website over the next few days."
Mr. Heathman finished up with, "The "public" aspect of our operation is all new to me, but I hope that I have set an early tone for communicating effectively with our shareholders. We want to keep you apprised of our progress every step of the way. In fact, we have added a Forum/Discussion feature to our website and I would encourage all newcomers to list their questions there and we will respond in a timely manner. In addition, we will be holding a Q&A session at the end of this month where people can call in and catch up on all the latest developments and I'll be sharing more about the Plan of Operations on that call. We want to thank you for your support and we look forward to sharing more with you again soon."
Plan of Operations
We wanted to let everyone know that our Plan of Operations has been filed. Below are some of the details and information from the Plan of Operations.
Expected Life of the Mine - 15 years.
Proposed Start Date - 09/15/20 or as soon as approval is granted
Expected date for completion of all required reclamation: 12/30/2035
Project Description.
This project is for a two phased program, Phase 1 includes rehabilitation of the Ada drift and Phase 2 includes the development of a milling circuit.
Phase 1 will be focused on the Ada adit area and includes first cleaning out and rehabilitating the Ada adit and tunnel, which was burned out during the Moonlight Valley fire in 2007. We will widen the opening and replace the entrance support with steel roof and sides and install a locking door on the adit. After the adit is rehabilitated and mining begins, we anticipate mining 5 to 10 tons per day initially. There will be a skid steer loader with a hydraulic ram working inside the mine and two jack drills. After dropping the rock in the tunnel, the skid steer will load up the ore and take it outside of the tunnel.
For Phase 1, equipment used on site will include: a rental excavator for cleaning out and widening the Ada adit, and a skid steer loader for working in the mine.
Phase 2 will include the addition of the milling circuit. Milling will include crushing and grinding, after which the ore will flow over a shaker table to separate the gold from the tailings. Tailings will be stored for further processing at a mill that can remove the remainder of the gold.
Phase 2 will add equipment for moving the ore from the adit to the landing, the milling circuit consisting of crusher, ball mill, conveyor belts, and a shaker table capable of milling 5 tons per hour, and a pickup truck for moving equipment and fuel.
Reclamation
Reclamation will occur contemporaneously during operations, to the extent feasible, and will be conducted in the form of a “rolling” reclamation to support a phased approach within a maximum 10 acre disturbance footprint, and after all mining activities are completed.
The final surface will look like the surrounding area, matching the contours of the mountain sides they are on. A final restoration effort will take place when all mining ceases and to assure that the reclamation activities were adequate, the site will be monitored for one year past final closure by company personnel.
https://www.buscarcompany.com/forum/mining/plan-of-operations-1
Great news out at CGLD! Check it out...
Buscar Company Files Plan of Operations for Treasure Canyon Lode Mine in Plumas County California
DENVER, CO -- July 17, 2020 -- InvestorsHub NewsWire -- Buscar Company, Inc. (OTC: CGLD) announced today that the Plan of Operations for the 200 acre Treasure Canyon site in Plumas County has been filed with the US Forest Service.
Buscar Company President Thomas W. Heathman stated, "We are pleased to announce that the company filed our Plan of Operations with the Forest Service. This is the key step towards getting us to "active" status and physically mining the Treasure Canyon site before year end. The fact that this site already had a Plan of Operations approved in years past gave us a huge head start on the filing. We engaged in multiple extensive discussions with the Forest Service prior to filing and feel confident that everything is in order and presented in enough detail to be approved."
Buscar Company is 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 added, "due to the amount of detail included in the filing, it would be impossible to cover everything submitted in a press release, so we will upload some of the key components of the filing to our website over the next few days."
Mr. Heathman finished up with, "The "public" aspect of our operation is all new to me, but I hope that I have set an early tone for communicating effectively with our shareholders. We want to keep you apprised of our progress every step of the way. In fact, we have added a Forum/Discussion feature to our website and I would encourage all newcomers to list their questions there and we will respond in a timely manner. In addition, we will be holding a Q&A session at the end of this month where people can call in and catch up on all the latest developments and I'll be sharing more about the Plan of Operations on that call. We want to thank you for your support and we look forward to sharing more with you again soon."
CGLD Mining Operation NEWS OUT TODAY!
CGLD NEWS OUT on Mining Operation!!
News Out!!!
Good read. Thanks for sharing. MM
Good morning, all! CGLD consolidating nicely!
Continued consolidation is always a good thing. JMHO MM