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Sarissa Resources, Inc. (SRSR)

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Sarissa Resources Inc. (“Sarissa”, or “the company”) is a mineral exploration company that holds vested interests in several mining claims in Ontario, Canada. The company, since 2007, has been actively involved in the continued exploration of a historic deposit located on its Nemegosenda niobium property. Following initial favourable results on preliminary exploration programs, management aimed to diversify the companies mining claims. This has resulted in the acquisition of and ground staking of several mining claims, including the Shining Tree Property and several other prospective but minimally explored claims.

Sarissa trades on the OTC on PINKSHEETS as SRSR. The company’s head office is located in Oakville, Ontario.

 

Sarissa Resources Website http://www.sarissaresources.com/
News Archives http://www.sarissaresources.com/news


 

Sarissa Resources

 


 

Scott Keevil | CEO and Director

Scott Keevil has been involved in the mineral exploration industry for over 30 years. In his previous positions he has worked on the exploration side for the most part in Canada and Indonesia.






 





 

Daniel Byrnes | President, Interim Chief Financial Officer and Director

Mr. Byrnes has over 25 years of senior management and investment experience primarily in alternative investments, specifically, quantitative modeling, risk management and trading of global markets including: commodities, stock indices, currencies, precious and base metals as well as energy.  In addition, Mr. Byrnes has provided business consulting services to a wide range of companies and industries, from small start-ups to established business as well as Government Agencies.  Mr. Byrnes was the President and a founding partner of Fort Orange Capital Management an alternative investment asset management company from 1996-2010.  Prior to Fort Orange, Mr. Byrnes was vice-president and head trader of CCA Capital Management, an alternative investment asset management company from 1987-1996  Mr. Byrnes was named Futures Magazine, “Top Traders” in 2005 and 2006.  Mr. Byrnes received his BA in Economics from the University of Colorado at Boulder in 1987.



Cam Cheriton, Ph.D. | Director

Dr. Cheriton, Ph.D., currently serves as a member of the board of directors of the company. Dr. Cheriton has over 50 years of experience in the mining industry, working for companies including: Atapa Minerals, Consolidated Mining Company of Canada, Anaconda Copper Mining Company, Texas Gulf Sulphur, the Conwest Exploration Company, and the Geological Survey of Canada. Dr. Cheriton studied at the University of Saskatchewan, the University of British Columbia, and Harvard University where he completed a Ph.D. in Economic Geology. Dr. Cheriton is a registered Professional Engineer of the Province of Ontario and is a “qualified person” within the meaning of National Instrument 43-101. Dr. Cheriton is directly responsible for the discovery of a number of ore deposits; one of note is the Caribou Mine in New Brunswick, Canada.

 

Advisory Board

Mr. Robert Yeates has been a successful senior executive with over 40 years experience as CEO, President and Partner in various enterprises developing extensive knowledge of plastic laminate moulding, fabrication and construction techniques. Through Robert Yeates Holdings Limited (RYHL) he has been involved in numerous projects around the world, including design and construction of specialized equipment for hydro metallurgical processing in the mining industry. His expertise also involves design and installation of Rare Earth Element extraction plant equipment. Mining companies with which he has consulted include Inco on their Voisey's Bay demonstration plant, and, currently, acting as a supplier for the Sherritt Ambatovy nickel project in Madagascar.

Mr. Tim Peterson has extensive managerial experience in the environmental, high technology and resource sectors. He has served on the Boards of Directors of four public companies and has extensive contacts in India and China. Following on the successful political careers of his older brothers, one of whom served as Premier of Ontario, and the other as International Trade Minister for the federal Government, he was elected and served as the Member of the Provincial Parliament of Ontario for Mississauga South from 2003 to 2007. 

Dahlman Rose and Co., LLC is a privately owned investment bank focused on growth industries that are the direct beneficiaries of global trade, infrastructure development, and urbanization.  Sarissa Resources has engaged the investment banking firm to advise the Company on a range of strategic and financing options to further enhance the value of its Nemegosenda niobium project.   
 

"Recent activity at Sarissa has focused more on the corporate and strategic front than on exploration.  Our Advisory Board was established earlier this spring to focus on corporate development and, with the addition of Dahlman Rose, provides the Company with significant resources to develop the plans to move forward on these fronts."


 

Company Interviews

Scott Keevil Wallst.net Interview (July-2009)
investorshub.advfn.com/boards/read_msg.aspx?message_id=54874082

Scott Keevil Resource World Article by Jennifer Getsinger PhD (May-2009) 

http://images.investorshub.advfn.com/images/uploads/2011/1/19/hhlsnResource_World_Article_May_2009.jpeg

Sarissa Resources Conference Call (Sept. 23, 2014)
http://sarissaresources.com/wp-content/uploads/2014/08/SARISSA_conferanceCall_2014_09_23.mp3

Interview with Dan Byrnes (Oct. 13, 2014)
http://thestockradio.com/srsr-sarissa-resources-inc-pres-cfo-daniel-byrnes/

 

Sarissa Resources Flagship Properties

 


Nemegosenda


The Nemegosenda property comprises approximately 9000 acres in Northern Ontario that, in historic exploration and testing, has indicated the existence of considerable carbonatite-hosted niobium mineralization.   The property is easily accessible off of Highway 101 between Timmins and Chapleau, Ontario (Chewett and Collins Townships). The patented claims were purchased in January 2008 for $380,000 Canadian -- payable over a four-year period -- and 2% royalty concessions on all mineral and/or metal production from the property. Sarissa Resources, however, retained the right to repurchase 1.5% of the royalty concessions at any time in the future for a predetermined price.  The Company believes that any potential extensions of the mineralized areas may be covered in its 9000 acre holdings.

The Nemegosenda Property (map) was identified in the mid-nineteen fifties through aeromagnetic surveys conducted by Gulf Minerals Canada Limited. Subsequent exploration and testing, as summarized in the Ontario Geological Survey study 34 by R.P Sage (click to read the full report) in 1987, highlighted a number of "higher grade niobium zones." Of particular note, Zone D indicated "20,000,000 tons of 0.47 percent Nb2O5 material in a block 600 by 800 feet in size and to depths up to 600 feet," based on Gulf's drilling and a 580 foot adit which penetrated 235 feet into the zone. Based on this historic (non-NI-43-101-compliant) data (Pg 34), this indicates the potential for approximately 9.4 pounds of Nb2O5 per ton of ore in situ. 

Other zones within the property have also indicated smaller, but meaningful niobium mineralization. Another area of mineralization of Niobium and rare earths called the 'South-East' Area was previously outlined on the property. It occurs 1500 metres south east of the Hawke zone (formerly called 'D' Zone). From the 1955 and 1956 drilling program by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m x 250m to a depth of 200m having a weighted average from the assays of all drill holes of 0.35% Nb2O5.

2008-2009 Drill Program 1st Phase:  During late 2008 and early 2009 Sarissa drilled nine diamond drill holes in the D Zone portion of the property, totaling 1,842 metres, to seek confirmation and depth extension of the niobium mineralization previously identified by Dominion Gulf Company ("Gulf"). Notably, all the holes returned significant niobium mineralization, averaging 0.4% Nb2O5 over the entire 1,728 metres that were sent for assaying.

It should be noted that the drilling program successfully confirmed both the mineralized zone data historically reported, and that the mineralization continues below what had previously been identified as the depth of the mineralized zone. It has also demonstrated that the mineralized zone increases in grade and depth towards the eastern portion of the zone.

The three drill holes on the eastern end of the current drill sections returned:

DDH-09-73 at 344,525E 5,320,425N includes 194m to 239m = 45m @ 0.77% Nb2O5

DDH-09-74 at 344,550E 5,320,475N includes 167m to 179m = 12m @ 0.71% Nb2O5

Note: DDH-9-74 was stopped at 197m.

DDH-09-77 at 344,575E 5,320,525N includes 131m to 260m = 129m @ 0.56% Nb2O5

 



2008-2009 Drill Program 2nd Phase This program involved further diamond drilling to continue to expand on the mineralized niobium resource in the Hawke (D) Zone. It was targeted to test the eastern extension, and is conducted under the guidance of Hillar Pintson M.Sc., P.Geo. In addition the Company has opened up 4 trenches in the SE Zone. Scintillomoter readings taken within the trenching area have provided significant readings. The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where forty-nine 2.5 metre continuous channel samples were collected along the northern side of trench 09-5A and submitted for assaying. The average grade over the full 122.5 metre length of the trench was 0.35% Nb2O5. In the 49 samples submitted for assay, highlights included 2 samples of greater than 1% Nb2O5 and 10 samples greater than 0.5% Nb2O5. As well as the significant Nb2O5 results, the samples returned anomalous values of tantalum and uranium, along with 2 samples of greater than ten thousand ppm total rare earth elements.

Of additional significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. A follow-up drilling program has been initiated to test the areas underneath the zone exposed during the trenching program.
 

Exploration History

 

Dominion Gulf Co. completed a magnetic survey and several drill holes on the property. The company’s initial focus was on the drilling of magnetic anomalies in the SE-Zone, most 

likely caused by the pyrochlore-magnetite rich pyroxenites. By the fall of 1956, 68 holes had been completed totaling 35,306 feet (~10,760 m) of diamond drilling on the property. Approximately 33 of these holes were drilled in the D-Zone, majority of which occurred on a cross-sectional drilling pattern. In 1958, an adit was driven 580 feet (~177 m) into the main D-Zone to obtain a bulk sample, and $1,000,000 was spent to investigate and develop a process of metallurgical extraction at the time.

This work resulted in a historic, non 43-101 compliant resource estimate of approximately 18 – 20 short tons grading 0.47 % Nb2O5. This resource estimate used a block model that 

extended from surface to approximately 180 – 200 meters depth. More information on the historic resource estimate is presented in the NI 43-101 compliant technical report completed by P. Chance (2010), which is available through SEDAR.

Musto Exploration Ltd. continued exploration in the late 1980s. Their predominant focus was on developing the REE potential in the SE-Zone. They completed an airborne magnetic and EM survey of the property, trenching work, and re-assayed some historic Gulf Dominion core for REEs.

Current Exploration Work

Sarissa began exploration again in 2008, and drilled 11 holes in the D-Zone. This work mainly looked at expanding and improving drill hole coverage on the cross-sectional pattern drilled by Dominion Gulf Co. Two holes were drilled in the SE-Zone, with DDH-10-81 showing elevated REE concentrations, and expanding the known extents of niobium mineralization. Currently, a new drill program aims at duplicating historic Gulf Dominion holes in the D-Zone to validate and confirm historic data, to enable the possible use of this data in an updated, comprehensive resource estimate for the D-Zone. This work follows on recommendations by P. Chance in the 2010 NI 43-101 compliant technical report.

 

Metallurgical Testing:  A further aspect of this program will entail beginning metallurgical studies. SGS Lakefield Research Ltd. has been retained to conduct a Proof of concept program, which will focus on the recovery of niobium compounds. The multi-disciplinary approach will fully characterize the ore, investigate if physical ore upgrading is feasible by standard ore beneficiation processes, and develop a hydrometallurgical method for the extraction and selective recovery of (initially) the Nb phase. The investigation should be considered as a scoping or pre-feasibility study to establish a baseline flowsheet for targeted product recovery.

So far the first phase of metallurgical testing has been completed and no barriers to extraction have been identified. This correlates well with the previous $1,000,000 of metallurgical research conducted by Dominion Gulf Company in conjunction with the Colorado School of Mines Research Foundation in 1959-1960. The next stage metallurgical testing will focus on a more detailed mineralogical study.

Sarissa's recent drilling program has increased the confidence level in the historic exploration and subsequent evaluation to the point that an indicated resource may now be calculated for the D Zone. Drill hole intersections, with a weighted average grade of 0.43%, are located within a surface area of some 76,250 square metres and to a depth of at least 200m. In 1958 an adit was driven 580 feet into the D Zone where historic sampling indicated that the average grade contains a weighted average of 0.57% Nb2O5.

In July 2009, Sarissa announced the completion of an independent technical report on its 100% owned niobium property in northern Ontario. The report was prepared by John C. Archibald, P. Geo. of Billiken Management Services Inc. of Toronto, and was prepared to standards as outlined by National Instrument 43-101 Standards and Disclosures for Mineral Projects ("NI 43-101").


NI 43-101 Technical Reports for Nemegosenda

Oakville, ON, July 27, 2009 - Sarissa Resources Inc., ("Sarissa" or the "Company") (OTCPinksheets: SRSR - News), is pleased to announce the completion of an independent technical report on its 100% owned niobium property in northern Ontario. The report was prepared by John C. Archibald, P.Geo.of Billiken Management Services Inc. of Toronto, and was prepared to standards as outlined by National Instrument 43-101 Standards and Disclosures for Mineral Projects ("NI 43-101.")
This 43-101 was later retracted until
Oakville, ON, October 5, 2010 - Sarissa Resources Inc. ("Sarissa" or the "Company") (OTCPinksheets: SRSR - News)is pleased to report that it has filed a technical report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") prepared by Patrick Chance, P.Eng., dated 23 September 2010 and entitled  "Nemegosenda Lake Niobium Property, Chewett, Collins and McGee Townships, Porcupine Mining Division, Ontario, Canada - a NI 43-101 Compliant Technical Report" (the "2010 Report").  

https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B7qjX5srbuoQZThmY2MwYzUtODM2Yi00NzJjLTlhYTktODE5NjM5ODk2YWZh&hl=en
**this document is also available on http://www.sedar.com.

 

Sarissa Resources Announces Letter of Intent to Form Joint Venture and Access Project Financing

Sarissa Resources Inc. (PINKSHEETS: SRSR) ("Sarissa"), through its wholly-owned subsidiary Nio-Star Corp. ("Nio-Star" or "the Company") is pleased to announce that they and a mining group have signed a Letter of Intent to form a Joint Venture company (the "JV") to finance the advanced exploration of Nio-Star's Nemegosenda niobium property (the "Property") near Chapleau in Northern Ontario. The parties will enter into a definitive joint venture agreement (targeted by September 30th, 2012) upon obtaining approval of the appropriate Government Agencies.

 

The formation of the JV will include the funding  necessary for the completion of a Bankable Feasibility Study (the "Study") for the project, (or the expenditure of $20 million towards the Study) and payments to Nio-Star.

Further details on the JV and the participants will be released as the transaction progresses and approvals are obtained.

  

CHAPLEAU HAS A MINING FUTURE by the Chapleau Express (May-2009) 
http://chapleauexpress.ca/May_9_2009.pdf


Nemegosenda related links


National Instrument (NI) 43-101 Technical Report on the Nemegosenda Property (SE Zone) (July-2010)
http://www.geologyontario.mndmf.gov.on.ca/mndmfiles/afri/data/imaging/20000004564//20006720.pdf

National Instrument (NI) 43-101 Technical Report on the Nemegosenda Property (Oct-2010)
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B7qjX5srbuoQZThmY2MwYzUtODM2Yi00NzJjLTlhYTktODE5NjM5ODk2YWZh&hl=en
**this document can also be downloaded from Sarissa's profile page on SEDAR.

PHASE II DIAMOND DRILLING  REPORT (Nov-2011)
http://www.geologyontario.mndmf.gov.on.ca/mndmfiles/afri/data/imaging/20000006382//20009134.pdf

National Instrument 43-101 Rule
https://www.bcsc.bc.ca/Securities_Law/Policies/Policy4/PDF/43-101__NI__June_24__2011/

Nemegosenda Project Page
http://sarissaresources.com/properties/nemegosenda/

Map of Nemegosenda, zone D indicated east of the lake
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/pub/data/imaging/M2007/M2007.pdf

"Trespassing in God's Country" by George Theriault, Elizabeth Pasco
Chapter titled "Secrets and Mining Companies" (p86) details original Gulf exploration of the property

http://books.google.com/books?id=7W8Feut2DBEC&pg=PA86&lpg=PA86&dq=Dominion+Gulf+Company+Nemegosenda&source=bl&ots=kPAgJEwwBw&sig=nlOsuRxOYUUTAKtUhXmktd3a05U&hl=en&ei=xPB2SsrjEJaltget69mWCQ&sa=X&oi=book_result&ct=result&resnum=9#v=onepage&q&f=false

Niobium Daily Spot Prices
http://www.metalprices.com/FreeSite/metals/cb/cb.asp

 

 

Shining Tree

The Shining Tree property is located approximately 3 km to the northeast of the village of Shining Tree, 115 km to the southwest of Kirkland Lake, and 100 km south of Timmins, Ontario. The Shining Tree area first became a target for gold exploration with the discovery of the Gosselin Zone in 1911. Majority of follow-up work on the claim group was completed by Noranda Exploration Company, Tribridge Consolidated Gold Mines Ltd., Patino Mines Ltd., and Onitap Resources Inc. in the 1970s and 1980s, which used diamond drilling to test magnetic, VLF-EM, and Resitivity-IP trends associated with gold mineralization. Previous work has shown that both high-grade gold mineralization with an associated nugget effect, and more disseminated, low grade gold mineralization occur on the claim group.

The company has completed recent magnetic and IP surveys that have identified prospective targets that look to be extensions of previously drilled gold structures. Additionally, diamond drilling has 
been proposed to test these targets, and to increase the extent of gold mineralization that has been identified to date. Majority of the work is proposed to occur on the Gosselin Zone, with reconnaissance holes planned for chargeability anomalies associated with the altered komatiites to the southwest of the main gold structure.


Sarissa Resources Announces the Spin-Out of Its Interests in Its Shining Tree Mineral Claims
http://www.marketwire.com/press-release/sarissa-resources-announces-spin-out-its-interests-its-shining-tree-mineral-claims-1418956.htm

OAKVILLE, ON--(Marketwire - March 29, 2011) - Sarissa Resources, Inc. ("Sarissa" or "the Company") (PINKSHEETS: SRSR) is pleased to announce that it proposes a spin-out transaction for the Company's Shining Tree gold property (the "Shining Tree Property") in Northern Ontario to a new company, Shining Tree Resources Corp. ("Shining Tree"). Sarissa expects that it will accomplish this spin-out by declaring a dividend-in-kind of all the shares of Shining Tree to the shareholders of Sarissa. The spin-out is being implemented as a first step in the Company's continued efforts to enhance shareholder value, which Sarissa is confident can be best accomplished by creating a separate Ontario focused exploration company. Management of Sarissa hopes that Shining Tree would become a Canadian reporting issuer at the time of, or as soon as possible following, the spin-out. The Shining Tree Property consists of 7 contiguous claim groups, approximately 1200 acres, in the Shining Tree gold area of Northern Ontario. In connection with the spin-out a NI 43-101 independent report is currently being prepared on the Shining Tree Property. The Shining Tree Property lies within the southwest part of the Abitibi greenstone belt. The Abitibi greenstone belt is prospective for a number of mineral deposit types, including mesothermal lode gold deposits, volcanogenic massive base metal sulphide deposits and layered magmatic sulphide (Ni) deposits. The Shining Tree area has been considered an under-explored area within a highly prospective region, due primarily to a land caution covering the area from 1973 until 1996. Previous exploration and diamond drilling on the property by Sarissa had returned positive results, as previously released, and Shining Tree Resources Corp. will further test these and other targets. Pursuant to the spin-out transaction, Sarissa shareholders on the record date for the spin-out will be entitled to receive one share in Shining Tree Resources Corp. for each thirty-five shares of Sarissa held by them. The spin-out is subject to, among other things, Board approval of the final structure and terms of the spin-out, and regulatory approvals, as required. Further particulars, including the record date for the spin-out, will be announced in due course and a complete description of the spin-out will be provided in future announcements setting forth greater details regarding the spin-out, Shining Tree's establishment as a Canadian reporting issuer and any plans for listing of Shining Tree on a stock exchange.

Sarissa Resources Announces the Acquisition of Additional Claims in Shining Tree Resources
http://www.marketwire.com/press-release/sarissa-resources-announces-acquisition-additional-claims-shining-tree-resources-pinksheets-srsr-1519831.htm

OAKVILLE, ON--(Marketwire - May 27, 2011) - Shining Tree Resources Corp. ("Shining Tree Resources" or "the Company") is pleased to announce that it has acquired an additional claim group in the Shining Tree area of Northern Ontario. The new claim group is comprised of 5 claims of 16 claim units each, and is situated approximately 4 kilometers south-west of the Company's existing holdings. It is subject to a 2% NSR, of which 1/2 may be purchased by the Company for a pre-determined price.
Shining Tree Resources is a wholly-owned subsidiary of Sarissa Resources Inc. (PINKSHEETS: SRSR) ("Sarissa"). As has been reported in a previous release, Sarissa expects that it will accomplish a spin-out of Shining Tree Resources to become a Canadian reporting issuer at the time of, or as soon as possible following, the spin-out, by declaring a dividend-in-kind of all the shares of Shining Tree to the shareholders of Sarissa. The initial Shining Tree Property consists of 7 contiguous claim groups, approximately 1200 acres, in the Shining Tree gold area of Northern Ontario. The new claim group increases the Company's land holdings in the area by approximately 13 square kilometers.
The Shining Tree Properties lie within the southwest part of the Abitibi greenstone belt. The Abitibi greenstone belt is prospective for a number of mineral deposit types, including mesothermal lode gold deposits, volcanogenic massive base metal sulphide deposits and layered magmatic sulphide (Ni) deposits. The Shining Tree area has been considered an under-explored area within a highly prospective region, due primarily to a land caution covering the area from 1973 until 1996. Previous exploration and diamond drilling on the property by Sarissa had returned positive results, as previously released, and Shining Tree Resources will further test these and other targets. In preparation for this next phase of exploration, a grid is currently being established over the initial 7 claim group.


Shining Tree related links
National Instrument (NI) 43-101 Technical Reporton the Shining Tree Property (Sept-2012)
https://drive.google.com/file/d/0B-CpxBUfte2iM3BKakZsOHJkYnM/view?usp=sharing
National Instrument (NI) 43-101 Technical Reporton the Shining Tree Property (July-2011)
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B7qjX5srbuoQOTY2NTFmMDQtNGJkZC00YmU4LTk4MWEtNzBjNDM0ZDAxYjUy&hl=en
**this document can also be downloaded from Sarissa's profile page on SEDAR.

Shining Tree Project Page
http://sarissaresources.com/properties/shining-tree/

Gold Spot Prices
http://goldprice.org/spot-gold.html

 



(click for full resolution)

Unofficial map detailing both claim blocks by Jnmcda0 (click)



 

SRSR Share Structure

The current share structure as of June 30, 2014

Authorized Shares: 950,000,000
Outstanding Shares: 889,160,779


The previous share structure as of March  31,2013

Authorized Shares: 950,000,000
Outstanding Shares: 859,077,446


The previous share structure as of March 31, 2012:

Authorized Shares: 850,000,000
Outstanding Shares: 832,077,446
 

The previous share structure as of March 31, 2011:

Authorized Shares: 850,000,000
Outstanding Shares: 819,327,446

Share Structure for Previous Quarters Available Here.

 

SRSR Recent Financial Transactions

On February 9, 2011, the Company completed a private placement and issued 5,750,000 common shares at a price of $0.02 per share and received $114,000(US Currency). The money was transferred to Nio-Star Corp.

On March 14, 2011, the Company issued 6,250,000 common shares at a price of $0.02 per share in settlement of a debt for $125,000,000(US Currency).

On April 8, 2011, the Company completed a private placement and issued 7,700,000 common shares at a $0.02 per share and received $154,000(US Currency). The money was transferred to Nio-Star Corp.

On April 21, 2011, the Company completed a private placement and issued 5,500,000 common shares at a $0.02 per share and received $100,000(US Currency). The money was transferred to Nio-Star Corp.

On June 1, 2011, a debtor to the Company agreed to convert $175,000(US$) of Loans and advances in exchange for the Company assigning its right to acquire a 1.5% NSR (net smelter return royalty) on the Rapksi purchase agreement.

On June 1, 2011, the Company's 100% owned subsidiary entered into two business development services agreement which provide for an annual fixed fee of $300,000(Cdn) and $240,000.(Cdn) The agreements also provide for reimbursements of all reasonable expenses related to the development and management of the Nemegosenda Niobium Property.

On August 3, 2011, the Company entered into an option and financing agreement (the "Option") with a company based in Hong Kong (referred to as "HKHE"). Under the terms of the Option, when the rights granted under the Option are exercised, between CDN$5,500,000 and CDN$10,000,000 will have been raised by HKHE and Sarissa will transfer the ownership of its wholly-owned subsidiary, Nio-Star Corp., to HKHE in return for approximately 65% to 75% of the capital of HKHE, depending on the amount raised. On July 12, 2011 the Company received $300,000 as an advanced payment in respect of the option.

On August 3, 2012, the Company completed a private placement and issued 6,000,000 common shares at a price of $0.02 per share and received $120,000(US Currency). The money was transferred to Nio-Star Corp.

On September 14, 2012, the Company completeda Private Placement financing of common share units and Flow-Through units. Each unit was sold for $0.02 per unit and comprised one common share and one common share purchase warrant Each Warrant is exercisable at a price per share of $0.03 for a period of 2 years. A total of 16,375,000 units were sold and issued for proceeds of $327,500.

On September 14, 2012, the Company the Company issued 3,125,000 common share units in settlement of $62,500 notes payable (refer also to Note 9). Each unit was sold for $0.02 per unit and comprised one common share and one common share purchase warrant. Each Warrant is exercisable at a price per share of $0.03 for a period of 2 years.

On September 14, 2012, the Company completed a private placement of $327,500 consisting of the sale of 16,375,000 units at a price of $0.02 per unit. Each unit consisted of one common share and one non-transferable share purchase warrant entitling the holder to purchase one common share at an exercise price of $0.03 per share for 2 years and18 days, the warrants expire on October 2, 2014.

On October 2, 2012, the Company issued 3,125,000 common share units in settlement of $62,500 on notes payable (refer also to Note 9). Each unit was sold for $0.02 per unit and comprised one common share and one common share purchase warrant. Each Warrant is exercisable at a price per share of $0.03 for a period of 2 years, the warrants expire on October 2, 2014.

On January 1, 2013, the Company issued 1,500,000 common shares for consulting services rendered. Each share was sold for $0.02 per share.

On June 13, 2013, the Company issued 12,750,000 common shares at a price per share of $0.02 and received $255,000. The money was transferred to Nio-Star Corp.

On January 17, 2014, the Company issued 5,100,000 common shares at a price per share of $0.016 and received $81,600.

On May 5, 2014, the Company issued 8,600,000 common shares at a price per share of $0.02 for consulting services of $172,000.

On Oct 3, 2014, the Company issued 31,250,000 common shares at a price per share of $0.008 and received $250,000 from existing shareholders.



Transfer Agent

Capital Transfer Agency
390 Bay Street,Suite 2020
Toronto, ON M5H 2Y2
Tel: 416-350-5007
Fax: 416-350-5008

info@capitaltransferagency.com
www.capitaltransferagency.com/


Financial Information:

US Financial Documents
http://www.otcmarkets.com/stock/SRSR/financials

State of Nevada Business Entity Details
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=gSwkXUYuU9YmOBtDO2FBWw%253d%253d&nt7=0

SEDAR (Canadian) Profile
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00030522

Nio-Star Audited Financials
http://sarissaresources.com/wp-content/uploads/2014/08/2013-12-NioStar-Corp.pdf
http://sarissaresources.com/wp-content/uploads/2014/08/2012-Nio-Star-Financial-Statement.pdf

CONTACT

Oakville Head Office:

201-2368 Lakeshore Road West
Oakville, Ontario
L6L 1H1
Phone: 905-827-3666

Chapleau Exploration Office:

72 Birch St.
Chapleau, Ontario
P0M 1K0
Phone: 705-860-4776

Investor Relations

Email: IR@niostar.com

North America: 866-307-1331
Hong Kong: 852 8174 5996

 




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SRSR News: Sarissa Resources Announces it has Completed Financial Audits of its Nio-Star Subsidiary 11/24/2014 01:50:00 PM
SRSR News: Sarissa Resources announces it has completed the initial drilling phase of its onsite geology work for its Nemegosenda niobiu... 11/14/2014 09:34:00 AM
SRSR News: Sarissa Resources announces it has completed the initial drilling phase of its onsite geology work for its Nemegosenda niobiu... 11/14/2014 09:34:00 AM
SRSR News: Sarissa Resources announces closing of Private Placement 10/03/2014 09:37:00 AM
SRSR News: Sarissa Resources Accelerates Time Table on Recently Announced Geological Plans 09/19/2014 09:31:00 AM
PostSubject
#143201  Sticky Note September 23, 2014: Sarissa Conference Call webpence 09/25/14 09:25:52 PM
#142352  Sticky Note This I got as an answer of my persuaner21 09/10/14 03:42:14 PM
#145331   Yup. Should see a nice bump in January EvilRbt 12/22/14 03:15:18 PM
#145330   They would really deserve to miss a run... Dr. King Schultz 12/22/14 01:37:52 PM
#145329   I can't help but wonder if some people MeJeff 12/22/14 12:05:40 PM
#145328   Nice find, pretty heavy demand for Niobium: Dr. King Schultz 12/22/14 04:28:50 AM
#145327   niobium is awesome, I am so stoked for iamadog 12/21/14 04:53:29 PM
#145326   http://translate.google.at/translate?hl=de&sl=pt&tl=en&u=http%3A%2F%2Fwww.alertatot weasel6667 12/21/14 04:09:14 AM
#145325   I really would like to know what it unbeREEvable 12/21/14 02:03:26 AM
#145324   Yup. The natives are getting restless again. Can't unbeREEvable 12/21/14 01:52:46 AM
#145323   [yt]xAVXvHo2rWI[/yt] webpence 12/20/14 09:30:56 PM
#145322   IMO Tar sands 12/20/14 11:38:13 AM
#145321   Affects the Niobium market as a whole: Dr. King Schultz 12/20/14 08:15:56 AM
#145319   FINRA short sales of SRSR! AlanC 12/19/14 07:53:22 PM
#145318   For the first time ever Belarusian scientists have supermegadope 12/19/14 07:29:22 PM
#145317   Merry Christmas to us. Quote: Let's recap the awesome develops EvilRbt 12/19/14 07:19:12 PM
#145315   Honestly - We all get it!!! Traders Traders Newbie_Niobium 12/19/14 05:28:31 PM
#145314   May be time to re-post on top of Newbie_Niobium 12/19/14 04:48:18 PM
#145313   Hahaha ok I'll say it: Thank You. Kmeister 12/19/14 04:37:32 PM
#145312   You're welcome. The NI report is due at EvilRbt 12/19/14 02:54:00 PM
#145311   Thank you, sir! And thank you to Cliff! RAWNUTS_ROASTING_ON_AN_OPEN_FIRE 12/19/14 01:58:59 PM
#145310   Check out post #144655 EvilRbt 12/19/14 01:56:26 PM
#145309   Give me the Cliff's Notes version if you RAWNUTS_ROASTING_ON_AN_OPEN_FIRE 12/19/14 01:54:52 PM
#145308   I think some more DD is in order EvilRbt 12/19/14 01:39:57 PM
#145307   I think this joke was supposed to rake RAWNUTS_ROASTING_ON_AN_OPEN_FIRE 12/19/14 01:34:50 PM
#145305   Pretty heavily invested here, because I see this Teacherman 12/19/14 12:33:53 PM
#145304   IMO a Market needs both short term traders Tar sands 12/19/14 12:23:41 PM
#145303   The issue of Sarissa s Share pricing in Tar sands 12/19/14 12:10:46 PM
#145302   LOL I would say they would be around es1 12/19/14 11:39:14 AM
#145301   Pretty clear why big "walls" appear at the EvilRbt 12/19/14 11:19:52 AM
#145300   I totally agree. I have been flipping this es1 12/19/14 02:14:10 AM
#145299   There should be a "Like" button on here Konrad397 12/19/14 12:39:52 AM
#145298   FINRA short sales of SRSR AlanC 12/18/14 07:19:42 PM
#145297   'seriously lacking information' is an gross understatement in incubus-now 12/18/14 06:59:11 PM
#145296   Best post I have read in a long time! moojer 12/18/14 06:17:29 PM
#145295   Day three above resistance with clear sailing into Newbie_Niobium 12/18/14 04:18:52 PM
#145294   Can you message me the link to the hideout? Muskie Hunter 12/18/14 01:46:18 PM
#145293   .017 x .0184 159k passthegravy 12/18/14 12:55:57 PM
#145292   It is my understanding that the Company is Tar sands 12/18/14 12:29:51 PM
#145290   Nope. I get my information from SEC filings. es1 12/18/14 11:04:05 AM
#145289   "From what I have heard it wont be EvilRbt 12/18/14 10:49:53 AM
#145288   That would be foolish. es1 12/18/14 10:46:40 AM
#145287   Thanks to whomever cleaned up the ibox. Appreciated. Nuts4Niobium 12/18/14 10:34:30 AM
#145286   Scratch that. Your whole post didn't load on EvilRbt 12/18/14 10:27:00 AM
#145285   Yes it was and yes we did break es1 12/18/14 10:09:14 AM
#145284   Was resistance not 18? We have closed twice Newbie_Niobium 12/18/14 09:48:07 AM
#145283   The same people who bought at .01 -.011 es1 12/18/14 09:27:51 AM
#145282   But as Taseko has learned, building a mine akeygon 12/18/14 04:41:40 AM
#145281   Maybe something nice comin for Christmas~ AndyTheBear 12/17/14 09:29:17 PM
#145280   Meet niobium, mining market’s hot new supermetal supermegadope 12/17/14 07:08:42 PM
#145279   FINRA short sales of SRSR AlanC 12/17/14 06:58:05 PM
#145278   Congrats. Nice Christmas gift for yourself. :-) Dr. King Schultz 12/17/14 04:55:54 PM
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