Replies to post #7077 on Buyers Group International Corp (BYRG)

[gitreal]

Nothings stopping any company from hiring a geologist or professional qualified to do so (besides expense) to write a Canadian compliant report.

Sorry, but you are half right, half wrong. Yes, the company can hire whoever they want to write a technical report. Since they are a non-filer, they can probably get away with hiring someone's nephew who collects geodes and pretty pebbles to write the report.

But, as far as a US-filer claiming to have a 43-101 compliant report on their mining project....nope, they will get a cease and desist letter from the Canadians (if brought to their attention). They cannot be compliant because the Canadians will not review and approve it. That is what makes it "compliant".

Do you want to see an example of a cease and desist letter that was issued to a US OTC company? I'll see if I can dredge one up.

Here's the report that got an OTC company (Mission Mining or MISM) in trouble and prompted the BCSC to issue their nasty letter:

NI 43-101:
Exploration Potential of the Gold Star Mining
Claims
Location: Esmeralda County, Nevada
Prepared for:
Western Gold Company, LLC
? Mission Mining Company
1725 South Rainbow Boulevard
Suite 16-100
Las Vegas, Nevada 89146
Prepared by:
Vladimir B. Zivkovic, Ph.D., CPG.
Zivkovic Geophysical Investigations, LLC
2005 9th Street
Suite 6
Greeley, CO 80631
303-219-3238
www.zivkovicgeophysical.com
Effective Date: November 11, 2013

I'll see if I kept a copy of the BCSC letter, maybe that will help you understand.

[gitreal]

NEWS RELEASE

2013/91
November 28, 2013

Investor Alert: BCSC issues warning about Mission Mining Company

Vancouver – The British Columbia Securities Commission has become aware that Mission Mining Company, a company based in Nevada with no apparent connection to B.C. or any jurisdiction in Canada, issued a news release on November 21, 2013 that claimed it had posted a National Instrument 43-101 report on its website. The report allegedly confirms a very large mineral resource containing gold and silver, which the company uses to disclose a very large estimate of purported resource value.

The BCSC is warning the public that Mission Mining has not filed a NI 43-101 report with the BCSC. The report posted on Mission Mining’s website, and the company’s related disclosure with respect to the purported mineral resource and value, does not comply with NI 43-101.

The BCSC urges B.C. investors, agents, or members of the public who have been approached about investing in Mission Mining Company to contact the BCSC inquiries line at 604-899-6854 or 1-800-373-6393 (toll free).

Information on National Instrument 43-101

NI 43-101 is a key component in the disclosure requirements of mining companies that distribute securities in Canada. It establishes standards for disclosure of scientific and technical information regarding mineral projects, and requires that the disclosure is based on a technical report or other information prepared by or under the supervision of a qualified person.

The BCSC recommends that investors in B.C. exercise extreme caution when dealing with any company that purports to release a NI 43-101 technical report, but does not file the report with a securities regulator in Canada. Any technical report that a publicly traded company files with a securities regulator in Canada under NI 43-101 is available to the public on SEDAR.

The BCSC is the independent government agency responsible for regulating trading in securities within the province. Learn how to avoid investment fraud at the BCSC’s investor education website: www.investright.org.

Let's highlight that warning from a Canadian regulator again:

The BCSC recommends that investors in B.C. exercise extreme caution when dealing with any company that purports to release a NI 43-101 technical report, but does not file the report with a securities regulator in Canada

If a Company is not a Canadian issuer and doesn't file with Canadian regulators, it is not an NI 43-101 report. To claim otherwise is fraudulent. That warning from the BCSC would certainly apply to BYRG, wouldn't it? What BYRG is claiming to do is no different than what MISM did with their bogus "NI 43-101 report", is it?

[gitreal]

You might want to inform your buddies that run the various Sunnyland-related mining scam companies that are claiming to be working on a 43-101 compliant report is something they need to be careful with. It would be a shame if the BCSC were to get a letter from a concerned person asking about the use of 43-101 reports to promote US-traded companies.....wouldn't it?

BTW, shouldn't you have a disclaimer as required by Ihub about acting as company IR? You seem to be taking that role with several Sunnyland scam companies.