Friday, May 22, 2015 12:27:32 PM
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In fact I do know.
According to the Sarissa Resources Financial Statements, for the period ending March 31, 2014, the President of the Company, or Entities controlled by him, were owed close to $750K. In this case the reference is to Scott Keevil.
1) $723,050.00 due to the President of the Company and / or a Company controlled by the President (December 31,2013- $567,000.00)
2) $12,567.00 (December 31, 2013- $8700.00) due to - same info as above #1
3) Management Fees - $8700.00 (2013 - $75,000.00) due to the President
According the March 2014 Financial Statement -
These transactions were in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.
One further point - Since that date there may have been further funds advanced by Scott. I don t know. That said the above noted advances seem very legitimate.
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