Buyer Group International Announces Target Acquisition & Plans to Uplist
14 March 2014 - 3:39AM
Business Wire
Buyer Group International, Inc. (BYRG.PK)
announced today an update to its shareholders that it intends to
make a target acquisition for the Company.
The acquisition may add over 1.6 Billion Tons of Silica, and up
to 73 Million Ounces of Gold and 352 Million Ounces of Silver to
the asset base of the Company. BYRG is also pleased to announce to
their shareholders that it intends to up-list to a higher exchange
as the Company moves forward with its growth plan and a planned
Form 10 filing within the next quarter.
Review of a 43-101 report by Craig L. Parkinson P.G., affirms
the nominal value of this acquisition in the billions. The project
contains an estimated 1.6 billion tons of >99% silica and a gold
& silver presence as estimated median values by geologist of
.046 ounces of anomalous gold per ton and .22 ounces of anomalous
silver per ton. Provided operations would allow interested parties
to process silica and remove extraneous metals, the notional value
of $10 per ton is used to establish a baseline book value for the
new BYRG venture to be established.
BYRG continues to look for transactions to drive value to its
shareholders. The new acquisition may establish a 20% equity
retention for BYRG and 80% to go into a new investment. The pending
filing and future offering for the Company will be available once
completed.
BYRG intends to allocate a portion of its 20% to its
shareholders of record upon completion. BYRG believes it can work
out an agreement with some of BYRG’s largest shareholders who hold
more than 2.2 billion shares. This will keep dilution down and
allow the smaller investor to participate at a higher portion than
originally intended.
Future information will be provided online in a web site meant
to highlight the project and its potential and keep investors up to
date.
See BYRG public disclosure at
http://www.otcmarkets.com/stock/BYRG/ for full details. Completion
of proposed transactions and developments are dependent upon many
important contingencies, including BYRG obtaining financing and
guarantees, of which there is no assurance.
Safe Harbor Statement Information in this newsletter may contain
statements about future expectations, plans, prospects or
performance of Buyer Group International, Inc. that constitute
forward-looking statements for purposes of the Safe Harbor
Provisions under the Private Securities Litigation Reform Act of
1995. The words or phrases "can be," "expects," "may affect,"
"believed," "estimate," "project" and similar words and phrases are
intended to identify such forward-looking statements. Buyer Group
International, Inc. cautions you that any forward-looking
information provided by or on behalf of Buyer Group International,
Inc. is not a guarantee of future performance. Completion of the
transaction is dependent upon important contingencies, including
completion of financing, of which there is no assurance. None of
the information in this press release constitutes or is intended as
an offer to sell securities or investment advice of any kind. Buyer
Group International, Inc.'s actual results may differ materially
from those anticipated in such forward-looking statements as a
result of various important factors, some of which are beyond Buyer
Group International, Inc.'s control. In addition to those discussed
in Buyer Group International, Inc.'s press releases, public
filings, and statements by Buyer Group International, Inc.'s
management, including, but not limited to, Buyer Group
International, Inc.'s estimate of the sufficiency of its existing
capital resources, Buyer Group International, Inc.'s ability to
raise additional capital to fund future operations, Buyer Group
International, Inc.'s ability to repay its existing indebtedness,
the uncertainties involved in estimating market opportunities, and
in identifying contracts which match Buyer Group International,
Inc.'s capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements
were made. Buyer Group International, Inc. does not undertake any
obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
Source: Investor Relations ir@buyergroupint.comTel:
214-810-1317
Contact Information
Buyer Group International, Inc.David
Bryant214-810-1317Contactwww.buyergroupint.com
Buyer Group International, Inc.David Bryant,
214-810-1317www.buyergroupint.com
Buyer (PK) (USOTC:BYRG)
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