|By Marketwired .||
|October 19, 2016 08:00 AM EDT|
AUSTIN, TX -- (Marketwired) -- 10/19/16 -- Buyer Group International, Inc. (OTC PINK: BYRG) provides shareholder guidance regarding its continuing new direction to make target acquisitions in Africa by acquiring Fortutron Ltd., a mining company contracted to Sunmin Mining (http://sunmin.co.za/), a South African mining company with projects in Platinum, Gold, Chrome, Cobalt, Iron ore, Manganese, Metallurgical silica, Vanadium ore, Limestone and other Rare earth minerals.
Buyer Group anticipates that through Fortutron, it will be able to begin exploration and a limited ability to commercialize all 8 minerals (Platinum, Gold, Chrome, Cobalt, Iron ore, Manganese, Metallurgical silica, Vanadium ore, Limestone and other Rare earth minerals.)
The area of exploration is located in the Bushveld Complex within the Limpopo Province. Sunmin's rights are specifically located in Mphahlele and Zebediela-Motetlane areas 123KS, District Mokerong, Lebowa, which fall under the jurisdiction of the Lepelle-Nkumpi Municipality. A total of 21 holes were drilled on the Sunmin farms and incidences exist in them at depths of 400 - 10 000 meters in order to validate the above incidences and the results summarized at Geoscience South Africa.
Buyer Group - Fortutron has already retained the services of qualified experts to extract over 20,000 Metric Tons of each mineral to add to the asset and revenue base of Buyer Group - Fortutron.
BYRG - Fortutron plans to continue in the mining space to drive value to the shareholders. The Fortutron acquisition may establish a new filing and future offering for the Company which will be available once completed, via a carve-out, establishing a separate entity of which BYRG shareholders are to receive shares in Fortutron for holding BYRG shares. The portion BYRG receives is 20% of the new entity. BYRG will file the appropriate corporate action once the date for shareholders of record is selected and upon completion in a special dividend that will be announced upon approval by FINRA
BYRG believes it can work out an agreement with some of BYRG's largest shareholders who institutionally 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.
CEO, David Bryant, added, "Buyer Group plans on pursuing projects whose scope fits within our business profile, including those that are less capital intensive for mining mineral resource properties, whereby, mineral streams are readily attainable. We are creating a special task group in that region of the world that is more familiar with the industry, has the connections, and seeks to provide an avenue for investors to participate. We will update our shareholders regarding any new projects or ventures as we move forward. We spent the last year or so identifying talent and building relationships that will enhance our roll out strategy well beyond the non-performance hedge funds of the past. We only seek projects that bring value ad, are low cost, have high upside, and come with credible off-take purchasers that have demonstrated capability and track record, which all translate to a higher chance of success in booking revenue."
Additional information will be provided in future announcements and online at the Company web site to highlight the projects potential and to keep shareholders up to date.
About Buyer Group International, Inc.
(http://www.byrg.co) OTC Pink: BYRG is a mineral and natural resource exploration company focused on acquiring and mining mineral-rich assets in Africa and the Western United States. The Company's mission is to acquire properties rich in high-grade gypsum and other minerals that have the potential for long-term production and sustainable revenue generation. Buyer Group is continuously exploring strategic acquisition, partnership and joint venture opportunities that can increase its capital, equipment and natural resource assets. Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We may use certain terms in this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," or "inferred," which may not be consistent with the definitions established by the SEC. U.S. investors are urged to consider closely the disclosures in our reports filed with the OTC Markets Group, Inc. See BYRG public disclosure at http://www.otcmarkets.com/stock/BYRG/company -- info 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. Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. All statements, trends analysis, and other information contained in this memorandum including words such as "anticipate," "believe," "plan," estimate," "expect," and "intend" and other similar expressions of opinion, constitute forward looking statements. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond Buyer Group's control.
Buyer Group International, Inc.
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