Sarissa Resources Inc (SRSR)

[webpence]

I noticed quite a few similarities between the MoU that SRSR agreed to and one done by Probe Mines in Sept 2011.

Sarissa
The MOU establishes a commitment by Sarissa and Nio-Star to develop an ongoing relationship with the two communities in the area of the Company's Nemegosenda Niobium Project, and provides these communities with an opportunity to participate in the benefits of the project through training, ongoing communication and business development. An Elders Committee will be created to provide advice to the Company on traditional values and local cultural and environmental matters during the exploration phase. The Company has also agreed to negotiate an Impact Benefit Agreement with the communities should the project proceed to production.

Probe
"The MOU establishes a commitment by Probe to develop an ongoing relationship with the three communities in the area of the Company's Borden Lake Gold Project and provides the communities with an opportunity to participate in the benefits of the project through training, ongoing communication and business development. An Elders Committee (the "Committee") will be created to provide advice to the Company on traditional values and local cultural and environmental matters during the exploration phase. Probe has also agreed to negotiate an Impact Benefit Agreement with the communities should the project proceed to production."

Sarissa
Scott Keevil, President of Nio-Star, states "The signing of the MOU is an important step forward in building a relationship based on mutual respect and cooperation with the First Nations communities in the region of our project. We look forward to working with the communities and receiving their input as we further delineate the advanced portion of the project in the D Zone, and explore the other prospective areas of the property.”


Probe
David Palmer, President of Probe, states "The signing of the MOU is an important first step in building a relationship based on mutual respect and cooperation with the First Nations communities. We are looking forward to working with the communities and receiving their input as we explore the Borden Lake area. Their contribution of local knowledge will be invaluable in helping us create a socially responsible exploration program to the benefit of all involved."


Sarissa
Included, amongst other things under the MOU, each First Nation is entitled to be issued 50,000 shares and 50,000 stock options by Sarissa, should Sarissa implement a stock option plan. Should Nio-Star become a separate public company, then each First nation shall also receive an equal number of shares of Nio-Star and 50,000 stock options of Nio-Star, upon Nio-Star implementing a stock option plan. Potential stock options granted under the MOU will vest over 18 months. These equity grants recognize the ongoing contributions of the First Nations communities and their interest in the Nemegosenda Niobium Project, and will also allow each community to directly participate in any potential successes of the Company.



Probe
In addition to Probe's commitment to training, communication and business development, the Company has also agreed to the issuance of 50,000 common shares of the Company to each of the three First Nations communities vesting over a period of 18 months, for an aggregate of 150,000 common shares. These share grants recognize the ongoing contributions of the First Nations communities and will allow each community to directly participate in any potential successes of Probe.


Sarissa
Chief Kevin Tangie of Brunswick House First Nation commented, "Brunswick House First Nation is pleased to enter into this agreement with Sarissa Resources along with the Chapleau Cree First Nation. Our region deserves the commitment and effort made through these partnership projects to provide a healthy, sustainable future for generations to come. By working together we can achieve this."


Probe
Chief Keeter Corston of the Chapleau Cree First Nation commented, "An agreement in writing with our First Nations is essential to doing business in this territory. That's why we're so pleased with this agreement with Probe - it's a good start to the relationship. It's nice to see Probe recognize and acknowledge First Nations constitutionally protected rights, and work together with us to ensure our First Nations have an element of control over, and participation in, this project. This agreement will help Probe move smoothly through regulatory processes, and make it easier for our First Nations to benefit from the business and employment opportunities this project will bring, while also ensuring high environmental standards are maintained."

http://www.brunswickhousefirstnation.com/municipal-services-economic-development-projects.asp

We have been working on resource development within our traditional territories. Currently we have two signed agreements and two MOUs that may also turn into working agreements. We have negotiated these projects to reflect the least impact/footprint on the lands.

We are also looking a some new potential projects to help further our community.
http://www.brunswickhousefirstnation.com/municipal-services-lands-and-resources.asp