Replies to post #10104 on Buscar Company (CGLD)

[surfkast]

Maybe there is no website as there is no real; operating company?
Let's see what I can dig up.

So a $500,000 commitment is not a subsequent material event?

BEVERLY HILLS, Calif., Feb. 18, 2022 /PRNewswire/ -- Buscar Company, Inc. (OTC-PINK: CGLD) announced today that JV Partner Mars Mines Limited (MML), a company with decades of experience in mining gold has committed in writing to an initial $500,000.00 in working capital dedicated solely to the Treasure Canyon project.

https://www.otcmarkets.com/otcapi/company/financial-report/334193/content

Materiality concerns the significance of an item to users of a registrant's financial statements. A matter is "material" if there is a substantial likelihood that a reasonable person would consider it important. In its Statement of Financial Accounting Concepts No. 2, the FASB stated the essence of the concept of materiality as follows:

The omission or misstatement of an item in a financial report is material if, in the light of surrounding circumstances, the magnitude of the item is such that it is probable that the judgment of a reasonable person relying upon the report would have been changed or influenced by the inclusion or correction of the item.3

https://www.sec.gov/interps/account/sab99.htm