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Buyer Group International Announces MD&A Update; Progress in Permitting of Target Acquisition
Buyer Group International Announces MD&A Update; Progress in Permitting of Target Acquisition.
About this update from Buyer Group International, Inc.
[{"type":"text","content":"\n \n \n Buyer Group International Announces MD&A Update; Progress in Permitting of Target Acquisition\n \n \nBuyer Group International Announces MD&A Update; Progress in Permitting of Target Acquisition\n \n AUSTIN, TX--(Marketwired - May 3, 2016) - Buyer Group International, Inc. (the \"company\") or (OTC PINK: BYRG) today is issuing an advisory on movement in efforts for its target acquisition for the Company into an African based Gypsum project in initial Management Discussion & Analysis (MD&A).\n BYRG announces update in the exploration process and permitting efforts at the Lindi Region and also Hotelli Tatu in the Kilwa District of Tanzania. Advisors have made progress with nearly 10% of the anticipated minimum budget needed to begin delivery on initial purchase orders. Through private outside sources in Australia, the project advisor arranged for the Tanzania project lead to receive roughly TSh$ 4,800,000 in Tanzania Shilling (or A$ 3,000 Aussie Dollars) on April 14, 2016 in furtherance of the exploration and permitting process in Tanzania. Please check out the company blog for pictures and information available at http://blog.byrg.co/2016/04/now-selling-tickets-to-south-africa.html.\n \"This Management Discussion & Analysis (MD&A) is provided in an effort to demonstrate and drive value to BYRG's shareholders. Upon completion of the Gypsum project, BYRG expects to conduct a carve-out with a separate capital structure or a Special Acquisition Company (SPAC). Details for such action by the Company will be available once completed. Shareholders of record, and in good standing, at certain dates will be the recipients of shares,\" said CEO David Bryant.\n Mr. Bryant also added, \"We are excited there is progress in the scoping of this acquisition target. We continue to review the budgetary needs for such an undertaking and are committed to provide, from time-to-time, MD&A disclosures as well as supplemental information in our filings. Please check our filings from time to time on OTC Markets.\"\n About Buyer Group International, Inc.\n Buyer Group International, Inc., (http://www.byrg.co) (OTC PINK: BYRG) is a mineral and natural resource exploration management company focused on acquiring and mining mineral-rich assets in Africa and the Western United States. The project's mission is to acquire pro...