The Buscar Company (OTCMKTS:CGLD) has been in the news this week and it may be the right time for investors to consider taking a look at the developments.
Buscar Company Announces 3.5-for-1 Forward Stock Split Has Been Filed with FINRA
Earlier in the week, the company had entered the news cycle after it announced on February 15 that it had sent in the filing to FINRA in relation to the corporate action intimation for its forward share split. Such an announcement is almost always a significant one for any company and may have caused a considerable buzz among market participants on the day. It is going to be interesting to see how the news about the forward split affects the stock price.
As per the announcement from the company, the forward split is going to happen on the basis of 3 and a half new common shares in Buscar Company for a solitary unit of the old shares. It should also be noted that all shareholders of record in Buscar Company are going to be entitled to the award of the split-adjusted shares.
The company announced that it had decided to go for such a move so that the share structure in Buscar could actually be more attractive to a much wider pool of investors. The forward split is going to be affected tomorrow.
Buscar Company Announces Gold Mining Joint Venture with Mars Mines Limited at Treasure Canyon
While the news about the forward split was certainly significant, the Buscar Company had made another key announcement back on February 10. At the time the company announced that it had gone into a joint venture gold mining joint venture with the company Mars Mines Limited. Mars Mines is a mining company that has been in the business for many decades and the joint venture could in fact prove to be a significant boost for Buscar Company in the long run. The joint venture is going to be related to the Treasure Canyon claim.
