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Buyer Group International, Inc. (BYRG.PK) Receives Copy of Confirmation of Cash Backed Assets Subject to Executed Deed of Agreement From Lender For Joint Venture on Feldspathic Sand/ Feldspar
Buyer Group International, Inc. (BYRG.PK) Receives Copy of Confirmation of Cash Backed Assets Subject to Executed Deed of Agreement From Lender For Joint Venture on Feldspathic Sand/ Feldspar.
About this update from Buyer Group International, Inc.
[{"type":"text","content":"May 6, 2013 -\nAustin, TX Buyer Group International,\nInc. (OTCMARKETS:BYRG) has received copy of a bank verification of cash backed\nassets from its Lender subject to Executed Deed of Agreement Lender\nindicating the identification of cash backed assets in excess of $120 million\nbeing provided as collateral in regard April 2nd Joint Venture Letter of Intent\nwith B2Digital(BTDG) for procuring funding to prove and bring into production\nan estimated 600 million tons of the groups‘ claims on roughly 2,940 acres. The copy of confirmation of the availability\nof cash backed assets is being provided by a top 25 global bank to secure the\nLender upon which the Lender will establish the drawdown schedule for funding.\n\nSee BYRG public disclosure for\nfull details. Completion of the proposed transactions and development of this\nproperty are dependent upon many important contingencies, including BYRG obtaining\nfinancing and guarantees, of which there is no assurance.\n\nSafe Harbor Statement\n\nInformation in this news release\nmay contain statements about future expectations, plans, prospects or\nperformance of Buyer Group International, Inc. that constitute forward-looking\nstatements for purposes of the Safe Harbor Provisions under the Private\nSecurities Litigation Reform Act of 1995. The words or phrases \"can\nbe\", \"expects\", \"may affect\", \"believed\",\n\"estimate\", \"project\" and similar words and phrases are\nintended to identify such forward-looking statements. Buyer Group\nInternational, Inc. cautions you that any forward-looking information provided\nby or on behalf of Buyer Group International, Inc. is not a guarantee of future\nperformance. Completion of the transaction is dependent upon important\ncontingencies, including completion of financing, of which there is no\nassurance. None of the information in\nthis press release constitutes or is intended as an offer to sell securities or\ninvestment advice of any kind. Buyer Group International, Inc.'s actual results\nmay differ materially from those anticipated in such forward-looking statements\nas a result of various important factors, some of which are beyond Buyer Group\nInternational, Inc.'s control. In addition to those discussed in Buyer Group\nInternational, Inc.'s press releases, public filings, and statements by Buyer\nGroup Inte...