Buyer Group International, Inc. Announces Successful Closing of Capital Raise & Immediate 1.3 Billion Common Issued Share Reduction

Rhea-AI Summary

Buyer Group International, Inc. (BYRG) announced funding commitments to achieve its 2022 exploration goals at the Shambhala Project. The company has cancelled 1,372,940,118 shares, reducing its outstanding common stock by 12% to a total of 10,000,000,000 shares. This share reduction is aimed at enhancing shareholder value. President David Bryant indicated that more details about exploration efforts and future plans will be shared soon. The company focuses on mining mineral-rich assets, including platinum and associated metals.

Positive

• Secured funding commitments for 2022 exploration goals.
• Cancelled 1,372,940,118 shares, reducing outstanding stock by 12%.
• Enhancement of shareholder value through stock reduction.

Negative

• None.

SHERIDAN, Wyo., July 21, 2022 (GLOBE NEWSWIRE) -- Buyer Group International, Inc. (OTC PINK:BYRG) is pleased to announce we have secured commitments for funding to complete our 2022 exploration goals at the Shambhala Project. With this exciting funding accomplishment we are immediately reducing our outstanding common stock by 1,372,940,118 shares. The company's total outstanding Common Trading shares after this 1.3 billion share cancellation is 10,000,000,000 for a total reduction of 12%. “To show our appreciation to the shareholders for their patience and support during the off-season we instantly increased shareholder value. As we progress forward as a company & commitments continue to come in, Buyer Group International will explore further ways to increase shareholder value,” said Mr. David Bryant, President of the Company. “Soon we will release supplemental information and more photos related to the first season’s exploration efforts, including on-site XRF sampling numbers, and plans for next year’s expansion,” Mr. Bryant continued.

About Buyer Group International Inc.

Buyer Group International Inc. (OTC Pink: BYRG) is a mineral and natural resource company focused on mining mineral-rich assets in the Western United States. Its vision is to cultivate rich deposits and reserves of platinum and associated metals, palladium, rhodium, and potentially copper, gold and silver.

To learn more about Buyer Group International, Inc. visit:
Corporate Website: https://platinumgroupinternational.com/
Corporate Twitter: https://twitter.com/buyergroupinc
Corporate Linkedin: https://www.linkedin.com/company/byrg/
Corporate Instagram: https://www.instagram.com/buyergroupinternationalinc/

FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc. are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/BYRG/disclosure

CONTACT:
Buyer Group International, Inc.
Phone: 214-810-1317
Email: byrg.group@gmail.com

SOURCE: Buyer Group International, Inc.

FAQ

What recent funding has Buyer Group International (BYRG) secured?

Buyer Group International announced commitments for funding to complete its 2022 exploration goals at the Shambhala Project.

How much stock did Buyer Group International (BYRG) cancel?

The company cancelled 1,372,940,118 shares, reducing its total outstanding common stock by 12%.

What is the total outstanding common stock for Buyer Group International (BYRG) after the cancellation?

After the cancellation, the total outstanding common stock is 10,000,000,000 shares.

How does the share cancellation impact shareholders of BYRG?

The share cancellation is expected to enhance shareholder value by reducing the total shares outstanding.

What future plans did Buyer Group International (BYRG) indicate?

The company plans to release supplemental information regarding its exploration efforts and future expansion plans.