Buyer Group International, Inc. (BYRG.PK) Receives Copy of Confirmation of Cash Backed Assets Subject to Executed Deed of Agr...
May 06 2013 - 3:43PM
OTC Markets
May 6, 2013
-
Austin, TX
Buyer Group
International,
Inc. (OTCMARKETS:BYRG) has received copy of a bank verification of
cash backed
assets from its Lender subject to Executed Deed of Agreement
Lender
indicating the identification of cash backed assets in excess of
$120 million
being provided as collateral in regard April 2nd Joint Venture
Letter of Intent
with B2Digital(BTDG) for procuring funding to prove and bring into
production
an estimated 600 million tons of the groupsā claims on roughly
2,940 acres.
The copy of
confirmation of the availability
of cash backed assets is being provided by a top 25 global bank to
secure the
Lender upon which the Lender will establish the drawdown schedule
for funding.
See BYRG public
disclosure for
full details. Completion of the proposed transactions and
development of this
property are dependent upon many important contingencies, including
BYRG obtaining
financing and guarantees, of which there is no assurance.
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.
Source: Buyer Group International, Inc.
Investor Relations Management: Inter Global Investments LLC
214-810-1317
ir@byrg.org
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