Gold is rising and is up 12% overall this year so far. As it continues to rise this company could see an extreme appreciation ahead.
Last Price: $0.0005
Website: www.buyergroupint.com/
BYRG (Buyer Group International, Inc.) operates as an exploration and development stage precious metals mining company.
BYRG primarily explores for gold, silver, platinum, rhodium, iron, and other minerals in North America and Greenland.
BYRG holds a joint venture interest in a property consisting of 22 mineral lode BLM claims covering approximately 440 hectares located in the French Creek region of the Medicine Bow Mountains in Carbon County, Wyoming.
BYRG also acquires and develops interests in real estate; and produces feature films. The company was founded in 1994 and is based in Leander, Texas.
Precious Metals Continue Displaying Incredible Momentum in 2014
Gold prices rose to a five-month high on Wednesday as worries about China's shadow banking system and the crisis in Ukraine fueled investor demand for haven assets.
The most actively traded contract, gold for April delivery, advanced $20.20, or 1.5%, to $1,366.80 a troy ounce on the Comex division of the New York Mercantile Exchange.
Gold touched an intraday high of $1,369, the highest level since Sept. 19.
Gold has rallied 12% this year, as investors flocked to its perceived safety on worries about emerging markets. The precious metal is a reserve asset without links to a specific country or government, and some investors view it as a protective holding during geopolitical instability.
On Wednesday, mounting losses in copper prices spurred some investors to seek the safety of gold. Copper futures have slumped 8.2% since Thursday, after China allowed its first corporate bond default on the mainland market.
Recent Developments
Buyer Group International, Inc. Receives Confirmation Letter From LoneStar Capital Group LLC Confirming BYRG to Receive Standby Letter of Credit From Top World Bank Of 200 Million EUR
AUSTIN, TX, August 30, 2013 - (ACCESSWIRE) - Buyer Group International, Inc. (OTC Pink: BYRG) the ("Company") announced two days ago that it executed an agreement to sell cashless warrants in exchange for 200 Million Euro Standby Letter of Credit drawn on a top world bank from LoneStar Capital Group LLC.
The SBLC will become active upon LoneStar Capital Group LLC receiving $390,000 USD. Once paid, the credit facility will go active and the SBLC operative, whereas then BYRG will subsequently issue warrants, not up front, but only after the SBLC is confirmed to BYRG's bank. In effect, they are buying the stock at approximately $.0625 per share.
In a recent phone interview, the CEO David Bryant was quoted, "Once funds are confirmed on our behalf we will be announcing some changes and restructurings such as stock buybacks and distributions of cash and shares. We feel building liquid value up for our shareholders will support us further in the market in the long run. Details will come in the following days as we execute on our business plan."
BYRG is in the perfect position to see a rock solid bullish move tomorrow morning!
Begin your research on BYRG immediately and make sure you keep BYRG in full focus tomorrow morning!
Happy Trading,
Your AwesomeStocks.com Editor
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