Business
Buyer Group International Announces Shareholder Update, Furthers Acquisitions in Africa
Buyer Group International Announces Shareholder Update, Furthers Acquisitions in Africa.
About this update from Buyer Group International, Inc.
[{"type":"text","content":"\n \n \n Buyer Group International Announces Shareholder Update, Furthers Acquisitions in Africa\n \n \nBuyer Group International Announces Shareholder Update, Furthers Acquisitions in Africa\n \n AUSTIN, TX--(Marketwired - Oct 19, 2016) - Buyer Group International, Inc. (OTC PINK: BYRG) provides shareholder guidance regarding its continuing new direction to make target acquisitions in Africa by acquiring Fortutron Ltd., a mining company contracted to Sunmin Mining (http://sunmin.co.za/), a South African mining company with projects in Platinum, Gold, Chrome, Cobalt, Iron ore, Manganese, Metallurgical silica, Vanadium ore, Limestone and other Rare earth minerals.\n Buyer Group anticipates that through Fortutron, it will be able to begin exploration and a limited ability to commercialize all 8 minerals (Platinum, Gold, Chrome, Cobalt, Iron ore, Manganese, Metallurgical silica, Vanadium ore, Limestone and other Rare earth minerals.)\n The area of exploration is located in the Bushveld Complex within the Limpopo Province. Sunmin's rights are specifically located in Mphahlele and Zebediela-Motetlane areas 123KS, District Mokerong, Lebowa, which fall under the jurisdiction of the Lepelle-Nkumpi Municipality. A total of 21 holes were drilled on the Sunmin farms and incidences exist in them at depths of 400 - 10 000 meters in order to validate the above incidences and the results summarized at Geoscience South Africa.\n Buyer Group - Fortutron has already retained the services of qualified experts to extract over 20,000 Metric Tons of each mineral to add to the asset and revenue base of Buyer Group - Fortutron.\n BYRG - Fortutron plans to continue in the mining space to drive value to the shareholders. The Fortutron acquisition may establish a new filing and future offering for the Company which will be available once completed, via a carve-out, establishing a separate entity of which BYRG shareholders are to receive shares in Fortutron for holding BYRG shares. The portion BYRG receives is 20% of the new entity. BYRG will file the appropriate corporate action once the date for shareholders of record is selected and upon completion in a special dividend that will be announced upon approval by FINRA\n BYRG believes it can work out an agreement with some of BYRG's largest shareholders who institutionally hold more than 2.2 billion shares....