DALLAS, Feb. 17, 2012 /PRNewswire/ -- Buyer Group
International Inc. (BYRG.PK), following a significant reduction in
authorized shares to 1.3 billion, will cancel over 2.1 billion on
Tuesday to complete its second phase of recapitalization. By
injecting additional value into the company's portfolio of capital
investments through an exchange of shares of the company for
participation interest in upcoming projects, BYRG is positioning
itself for greater share holder and investor value. The
mining sector is largely responsible for increasing the company's
capital portfolio with exploration arrangements for properties in
Colorado and British Columbia approaching maturity.
Through the reorganization of the BYRG.PK share structure,
shareholders who participate in the exchange will receive
distributions of profits based upon the production of materials
from these precious metal yielding concessions.
British Columbia Evaluation:
Evaluation of an existing 4m x 4m x 150m tunnel was completed on
the property from approximately 5,000 Metric Tonnes (MT) of
material recovered resulting in production yields as follows: lead
(31% lbpt), zinc (.55% lbpt), copper (3.7% lbpt), and gold (.133
opt) and silver (15 opt). When measured at today's prices,
the evaluation suggests an average extraction value of $1,650 per MT. The property has been
offered to BYRG.PK with a cap of $8
million in production residual to the previous owners over a
5 year period with an estimated 25,000 to 35,000 MT inferred
reserves left.
Colorado Evaluation:
A 1990 engineering report indicates this gold yielding property
has an estimated 100,000 oz. reserves of gold, with an average of
.75 opt in the cross section of an existing main shaft with ore
shoots of 250 to 350 feet from cross sections drilled and assayed
in the report. By current pricing, the value of the property
is estimated at $150 million USD with
further reserves anticipated once an extensive expansion program is
completed. The representatives have offered BYRG.PK this
property on a 50/50 net basis over a 7 year period.
Shareholder Participation:
Shareholders of BYRG.PK, including original investors of Curlew
Resource Corporation from the prior reverse split, will receive a
participation interest from future materials delivered. In
exchange for every 50,000 common shares held a new share will be
issued to the shareholder of record. As a result of
cancelling 2.12 billion shares held by certain groups who pummeled
the stock throughout 2011 the buy and hold shareholders will see
less dilution over their holdings. The CEO of BYRG.PK was
quoted as saying, "We're not happy with the broker dealers who
shorted our stocks and did nothing but drive the price into the
ground. We sought out whose doing what and are cancelling certain
shares. We've taken over 2.1 billion shares from those that
caused those massive drops and are giving that interest back to our
loyal shareholders. Working with solid investment firms will
assist in a major way towards capitalizing our projects in the
proper fashion. As the participation interests are assigned
results will be paid out through quarterly or annual dividends in
the preferred share structure from gains made through delivery of
product. We look forward to these very positive changes."
Information may be found at www.buyergroupint.com as it is
released to the public.
Company Contact:
David Bryant
214-810-1317
info@buyergroupint.com
News for BYRG is located at
http://www.buyergroupint.com/news.html
Safe Harbor Statement - This release includes forward-looking
statements within the meaning of Section 27A & 27E of the
Securities Act of 1933, 1934. Statements herein that are not
historical facts are deemed forward-looking statements based upon
management's current expectations. Investors are cautioned that
forward-looking statements are inherently uncertain and subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth and management undertakes no
obligation to update or revise such statements. Actual performance
results may differ materially from those suggested herein due to
uncertainties including, without limitation, ability to obtain
financing, regulatory and shareholder approval, and the ability to
attract or retain key management personnel.
SOURCE Buyer Group International Inc.