AUSTIN, Texas, April 26,
2013 /PRNewswire/ -- Buyer Group International, Inc.
(OTCPINK: BYRG) has acquired option rights to the majority
interest in Caribou Greenland, Corporation (GCG) based near
the town of Isortoq, Greenland,
including lands and surface rights approximating 360,000 acres, and
a 50% interest in the meat processing facility, equipment and
small hydro facilities, and live herd, all valued at approximately
$4,000,000. The valuation was done by
local accounting firm BK Revisions ApS. BYRG is paying
common stock valued at $200,000($DKK1,445,160) @.01 per share or 20
million shares. Additional payments of $500,000 are due in 6 months and $2,000,000 in two years. Completion of the
project is subject to financing and other material
contingencies.
"Recent studies and research reports suggest that the area in
south Greenland will continue in
its development and construction with China opening up free trade alliances with
Iceland and their trip to
Denmark. This is all about
Greenland, and we have our foot in
the door," said CEO David Bryant in
a recent phone interview.
"The property is situated roughly at approximately 70 kilometers
west of the port town of Narsaq, Greenland, near Isortoq, South Greenland a Territory of Denmark. The area has access to water
and BYRG will be looking to expand hydro and geothermal power
generation options in the area, as well as looking at the
installation of a port facility which makes the area attractive to
future development. We anticipate these types of projects will
garner attention and support from outside participants as we look
to source material and equipment to Greenland to fuel the development boom looming
on the horizon," Mr. Bryant said.
Buyer Group International President, David A. Bryant stated, "This is a very exciting
time for Buyer and our shareholders. We have entered a growth phase
at BYRG with significant book value and expected exponential growth
in revenues we plan to be very busy in the upcoming quarter."
About Buyer Group International, Inc.
Buyer Group International, Inc. is an international precious
minerals exploration company with an aggressive development and
acquisition plan owning significant assets in Gold, Silver,
Platinum, Rhodium and other metals both precious and industrial in
nature. Buyer Group International also owns a joint
partnership position in Gryphon Production Ltd. which produces
movie and TV projects and maintains an ownership in library of
completed works.
For more information see www.buyergroupint.com
Safe Harbor Statement
Information in this news release 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.
Media Contact:
ir@byrg.org
SOURCE Buyer Group International, Inc.
