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Buyer Group International, Inc. Issues 2025 Letter to Shareholders and Announces 46% Reduction in Outstanding Shares
SHERIDAN, WY / ACCESS Newswire / March 6, 2025 / Buyer Group International, Inc. (OTC PINK...
About this update from Bayridge Resources Corp.
[{"type":"text","content":"Buyer Group International, Inc. Issues 2025 Letter to Shareholders and Announces 46% Reduction in Outstanding SharesSHERIDAN, WY / ACCESS Newswire / March 6, 2025 / Buyer Group International, Inc. (OTC PINK:BYRG), a junior miner company focused on its flagship Shambhala Project containing approximately 2.65 square miles of mineral rights in the New Rambler Mining District in Albany County, Wyoming, is pleased to announce its 2025 Letter to Shareholders, highlighting key achievements from the past year and outlining corporate objectives for the year ahead. In conjunction with this update, the Company has also executed a significant reduction in its outstanding common shares by approximately 46%, substantially enhancing its capital structure and shareholder value.Key Highlights46% Reduction in Outstanding SharesThe Company has retired a substantial number of outstanding shares, reducing the total from 7,843,549,615 to 4,220,989,714 a net decrease of 3,622,559,901 common shares. This move reflects management's ongoing commitment to fortifying the Company's capital structure and enhancing shareholder value. Over the past 24 months, the Company has successfully executed multiple cancellations of outstanding shares, further underscoring its dedication to prudent share management and long-term growth.3.62 billion shares on March 3rd, 2025 Restricted.1.050 billion Shares on June 17th, 2024 (100 million Free Trading/950 million Restricted.)75 million shares on May 24, 2024 Free Trading.117 million shares on January 26, 2024 Free Trading.250 million shares on January 19, 2024 Free Trading.1.0 billion shares on December 22, 2023 Restricted.1.4 billion shares on April 21, 2023 Restricted.2025 Letter to ShareholdersFinancial and Operational Progress: As a junior mining company, we remain vigilant in managing limited capital. Despite these constraints, we continue to advance both our operations and our technical understanding of our flagship property, supported by two-year restricted private placements. This approach ensures that we steadily strengthen our project knowledge while maintaining a disciplined financial strategy.Exploration and Development: Our second consecutive year (2024) of exploration at Project Shambhala yielded highly encouraging results that pave the way for an initial resource estimate. These findings mark a critical mile...