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Buyer Group International, Inc. (BYRG.PK) to Acquire Majority Interest in the Greenland Caribou Corporation With Aalasoq Processing Station, Lands and Resources
Buyer Group International, Inc. (BYRG.PK) to Acquire Majority Interest in the Greenland Caribou Corporation With Aalasoq Processing Station, Lands and Resources.
About this update from Buyer Group International, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nBuyer Group International, Inc. (BYRG.PK) to Acquire Majority Interest in the Greenland Caribou Corporation With Aalasoq Processing Station, Lands and Resources\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nBuyer Group International, Inc. (BYRG.PK) to Acquire Majority Interest in the Greenland Caribou Corporation With Aalasoq Processing Station, Lands and Resources\n\nPR Newswire\n\nAUSTIN, Texas, April 26, 2013\n\n\n\n\n\n\n\nAUSTIN, Texas, April 26, 2013 /PRNewswire/ -- Buyer Group International, Inc. (OTCPINK: BYRG) has acquired option rights to the majority interest in Caribou Greenland, Corporation (GCG) based near the town of Isortoq, Greenland, including lands and surface rights approximating 360,000 acres, and a 50% interest in the meat processing facility, equipment and small hydro facilities, and live herd, all valued at approximately $4,000,000. The valuation was done by local accounting firm BK Revisions ApS. BYRG is paying common stock valued at $200,000($DKK1,445,160) @.01 per share or 20 million shares. Additional payments of $500,000 are due in 6 months and $2,000,000 in two years. Completion of the project is subject to financing and other material contingencies.\n\n\n\"Recent studies and research reports suggest that the area in south Greenland will continue in its development and construction with China opening up free trade alliances with Iceland and their trip to Denmark. This is all about Greenland, and we have our foot in the door,\" said CEO David Bryant in a recent phone interview.\n\n\n\"The property is situated roughly at approximately 70 kilometers west of the port town of Narsaq, Greenland, near Isortoq, South Greenland a Territory of Denmark. The area has access to water and BYRG will be looking to expand hydro and geothermal power generation options in the area, as well as looking at the installation of a port facility which makes the area attractive to future development. We anticipate these types of projects will garner attention and support from outsi...