PR-Inside.com: 2014-03-13 17:47:18
Buyer Group International, Inc. (BYRG.PK) announced today an update to its shareholders that it intends to make a target acquisition for the Company.
Austin, TX US, March 13, 2014 /FSC/ - Buyer Group International, Inc. (BYRG - OTC Pink),announced today an update to its shareholders that it intends to make a target acquisition for the Company.
Austin, TX, March 13, 2014 --(PR.com)-- 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 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 firstname.lastname@example.org
Buyer Group International, Inc.
To view this press release as a PDF, please click on the following link:
Source: Buyer Group International, Inc. (OTC Pink: BYRG) byrg2.buyergroupint.com/
Maximum News Dissemination by FSCwire. www.fscwire.com