Buyer Group International Inc. (BYRG.PK) Receives Offer for Purchase British Columbia Property with Silver Galena Stockpiles and Indicated Potential over 13,000 Tons Explored, 4,500 ft. in Length
AUSTIN, Texas, Oct. 5, 2012 /PRNewswire/ -- Buyer Group International, Inc. (OTC PK: BYRG) ("BYRG" or the "Company") received on August 5th, 2012 an executed offer for Purchase and Sale of property in British Columbia from private owners, two crown claims and three cell claims on lands that encompass stockpiles of galena ores and proven and probably or indicated reserves measured at close to 12,500 tons from three zones with existing worked adits. The price for the initial property is $10 million and requires the Company to make a deposit of $200,000 due upon acceptance and promissory notes guaranteeing $800,000 in the following year plus terms of $1 million per year for 10 years until the property is paid in full. The group overlies a mineralized lode system composed of silver-lead-zinc veins totaling 4,500 feet in length. The area has highways and property access is easy with roads direct to the property.
Historic data from drill programs are being calculated now and it is estimated that silver-zinc-lead deposits in the lode system. Grab samples in the 1,000 ton dumps have indicated sampling ranging from 1.95 opt as high as 156 opt of Silver. Existing tunneling has indicated in areas that additional indications of 12.11 opt up to as high as 471.46 opt of Silver with significant concentrations of Lead and Zinc.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Buyer Group International, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Buyer Group International, Inc. cautions you that any forward-looking information provided by or on behalf of Buyer Group International, Inc. is not a guarantee of future performance. Completion of the transaction is dependent upon important contingencies, including completion of financing, of which there is no assurance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Buyer Group International, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Buyer Group International, Inc.'s control. In addition to those discussed in Buyer Group International, Inc.'s press releases, public filings, and statements by Buyer Group International, Inc.'s management, including, but not limited to, Buyer Group International, Inc.'s estimate of the sufficiency of its existing capital resources, Buyer Group International, Inc.'s ability to raise additional capital to fund future operations, Buyer Group International, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Buyer Group International, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Buyer Group International, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE Buyer Group International Inc.
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