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15 days or less until the deal is completed per the PR today. MM
iBox Updated. GLTA
EON will approach raising operating capital via non-dilutive channels.
EON management team has no issue ensuring “no reverse split” for at least 18 months, if ever.
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.
...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.
DENVER, June 15, 2020 /PRNewswire/ -- 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.
Contact:
+1-(661)-418-7842
info@buscarcompany.com
SOURCE Buscar Company, Inc.
Related Links
https://www.buscarcompany.com
News Out @ CGLD : Buscar Company Goes In Depth on Acquisition of Eon Discovery
June 15 2020 - 08:00AM
InvestorsHub NewsWire Print
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.
No name change or ticker symbol change is something new that was not a rehash of news. The Company's name will remain to be Buscar Company and ticker will be CGLD.
News Out!!
Hey, Greg! Welcome. Glad you're here. MM
Mr. Clutch is in the house! Welcome! Glad you're here. MM
80 Followers now. Up from 38 at the start of last week. GLTA MM
I would say CGLD definitely fits the definition of a Blue Sky Breakout waiting to happen. Has been dormant for a while. 3.2M in the float. 18.6M O/S and a new mining operation on the verge of being rolled into it as of last Monday. Check it out. GLTA MM
Awesome! Glad you made it over. GLTY MM
Like what I see here. Looking forward to Monday. GLTA MM
Only news is the latest PR, what's up top, what's at OTCMarkets and what's on the website. GLTY MM
In the description from OTCMarkets above, "EON Discovery acquired the rights to 10 mining claims from Treasure Canyon Enterprises on February 14, 2020 (referred to as Treasure Canyon Claims). These claims are located in Plumas County, California. At the close of the acquisition, Thomas W. Heathman, of Treasure Canyon Enterprises, shall become the Chief Mining Officer of Buscar. We expect the acquisition to close by June 30, 2020."
Hope that helps... MM
Still hanging in there at #48. CGLD
Company Profile just updated at OTCMarkets.com. GLTA MM
* This reverse merger will involve a change of leadership and a completely new management infrastructure.
* The agreement provides that No Reverse Split will take place as part of this transaction and that the Company may not perform a reverse split for the next 18 months, thereby, protecting the current shareholders' positions.
* The EON management & operations team currently consists of 9 key individuals with plans to ramp up to well over 100 employees once the operation reaches full mining capacity.
* As of today, OTCMarkets is up to date on the current share structure.
This move will also involve bringing the company current on OTCMarkets.
Website Update from Last Night...
On June 2, 2020, Buscar Company agreed to acquire EON Discovery, Inc. EON Discovery is engaged in various gold mining and technology development businesses. EON Discovery acquired the rights to 10 mining claims from Treasure Canyon Enterprises on February 14, 2020 (referred to as Treasure Canyon Claims). These claims are located in Plumas County, California. At the close of the acquisition, Thomas W. Heathman, of Treasure Canyon Enterprises, shall become the Chief Mining Officer of Buscar.
We expect the acquisition to close by June 30, 2020.
The float has been updated...
18,681,321 total, 3,254,916 float
The float has been updated there I just noticed.
18,681,321 total, 3,254,916 float
Website Update After Hours...
"On June 2, 2020, Buscar Company agreed to acquire EON Discovery, Inc. EON Discovery is engaged in various gold mining and technology development businesses. EON Discovery acquired the rights to 10 mining claims from Treasure Canyon Enterprises on February 14, 2020 (referred to as Treasure Canyon Claims). These claims are located in Plumas County, California. At the close of the acquisition, Thomas W. Heathman, of Treasure Canyon Enterprises, shall become the Chief Mining Officer of Buscar. We expect the acquisition to close by June 30, 2020."
Interesting perspective on this today...
Good day today. Lots of new faces here. GLTA MM
Reverse Merger Announcement Today: https://www.prnewswire.com/news-releases/buscar-company-announces-reverse-merger-with-eon-discovery-301070340.html
Reverse Merger Announced Today: - https://www.prnewswire.com/news-releases/buscar-company-announces-reverse-merger-with-eon-discovery-301070340.html
Reverse Merger Announcement! - https://www.prnewswire.com/news-releases/buscar-company-announces-reverse-merger-with-eon-discovery-301070340.html
Good to know. Will be sticking around on this one. MM
Holy crap! So just on sales alone at 1.0X, shouldn't this be a $6.00+ stock at some point soon? What am I missing? MM
So $150M in rev, 22M shares? Again, somebody help me with this one because if so, this is going to explode! MM
So around 22M shares? Am I reading that right? MM