Sarissa and Indo Global Announce by Mutual Agreement to Terminate the Previously Announced Sale of the Nemegosenda Specialty Metals and Rare Earth Project

From: http://www.baystreet.ca/viewarticle.aspx?id=467049

TORONTO, ON / ACCESSWIRE / June 28, 2017 / Sarissa Resources Inc. (OTC PINK: SRSR) ("Sarissa" or the "Company") announces the termination, effective June 12, 2017, of the previously announced agreement to sell (the "Transaction") the Nemegosenda specialty metals and rare earth project of Nio-Star Corporation, a Canadian subsidiary of Sarissa, to Indo Global Exchange(s) Pte, Ltd. (OTC Markets: IGEX) (Indo Global).



Dan Byrnes, President of Sarissa, stated, "While the termination of the Transaction is an unfortunate result, we expect to announce further details of our new plan to expedite the development of the Nemegosenda project within our Nio-Star subsidiary very soon."

Otto Pichler, Director, said, "I am looking forward to providing investors with further information in the coming days on the plan which will quickly allow for the necessary geological and processing work to begin in order move this project forward quickly."

NEWS!

http://www.wdrb.com/story/32003645/sarissa-resources-announces-changes-to-the-board-of-directors

Not an error. The ask was .019 and .018 earlier; the purchase of .018 is valid.

Thank you.

That would do the company absolutely no good. The sellers of the shares would get the money!!!!! Your statement is correct, however, it would benefit the selling shareholders only.

Press Release Source: Sarissa Resources Inc.
Sarissa Resources Announces Memorandum of Understanding with Brunswick House and Chapleau Cree First Nations for Its Nemegosenda Niobium Project, Chapleau, Ontario
FOR IMMEDIATE RELEASE: Oakville, ON,August 13th2014 – Sarissa Resources Inc. (“Sarissa” [SRSR:OTCPK], or the “Company”)is pleased to release this information to shareholders relating to ongoing activities.
The Company, and its wholly-owned subsidiary, Nio-Star Corp. (“Nio-Star”), have entered into a Memorandum of Understanding ("MOU") with the Brunswick House First Nation and Chapleau Cree First Nation communities near Chapleau, Ontario. 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.
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. 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."
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.”
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources Inc. and Nio-Star Corp., as well as members of their respective management, in addition to the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of financial results and positions, the ability to compete successfully and the ability to complete above-referenced exploration and testing, as well as business transactions. Neither Sarissa nor Nio-Star undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties in Northern Ontario, Canada. Sarissa and Nio-Star are specifically focused on the development of the Nemegosenda niobium project as well as the Shining Tree Resources Corp. gold projects.
FOR FURTHER INFORMATION contact:
info@sarissaresources.com
www.sarissaresources.com



from:
http://www.infomine.com/index/pr/PB475941.PDF

I agree, and I thank you for your logical, concise and refreshing post.

I don't have PM.

I don't have PM.

.0175

41,480 shares traded today.

How about "The SOE Could still be doing their DD but if they dont have something by December2050 it is obvious they said no thank you"?

5,000 shares traded today? What in the world? LOL.

Wow! Volume going to get higher. PPS going to get higher. Deal going to be signed. Financing in the works. Profit producing mine to follow. Uplisting to follow. Audited financials to follow. THESE WILL BE THE FACTS IMO! And, to top it all off, Scott has great lineage!

Stating SRSR is short X%of shares is true

SHORT INTEREST IS VARIABLE

http://www.otcmarkets.com/stock/SRSR/short-sales

Finra numbers may or may not report the initial trade inception. You can declare anything from the initial leg of a trade. It was covered within years if not days on the other arms of the same transaction. The SEC has not made it clear that 4% of settlement occurs on the same trading day here in the OTC. So one can not clearly say that all todays "short volume" was in fact uncovered or down to at least 5% of it, chose whichever but that is not a fact fronted by a deregulatory statement.

It seems some believe that the words “Duct Tape Transaction” means to cover an execution, far from it, somethings are reported and must be unbalanced and reconciled in this case ARNIF balances and reconciles trade reporting. Balance and reconciliation is paramount in the clearing and settlement process and all trades at the end of the day are in fact un balanced and unreconciled.

FINRA only looks at the “Initial Leg” of a trade transaction and that is all, they do not go back at the end of the day and provide a reconciled report as to how each trade was settled on the legs after the initial trade transaction was executed. Thus the Daily Reg SHO Report only provides a tiny piece of the information as to full trade transaction. One cannot look at the data and claim shares that are short at the end of the trading day, sorry but the data only reports how it was initially executed and nothing more. The SEC claims a 98% settlement rate at T+1. Due to this extraordinary settlement rate the SEC has in fact proposed to reduce the settlement period to T+1 in the future. It is currently under review by various participants.

So now that we know what is not reconciled at the end of the day let us look at what is reconciled by FINRA each and every day. In such “Riskless Principle” trades in which a neutral party is used to execute a trade without having ownership of the actual shares as per SEC Rule 200 there are two specific volume reports. One that is often used by traders is the “Consolidated Tape” which shows each and every trade transaction throughout the day including before open and after the market closes. On the OTC this information is all fed through the NASDAQ and is publicly disseminated for all to see and use.

The other volume report is the “Non Tape Transaction”, this is also reported to FINRA each and every day and contains all trade executions through the day including before open and after market close. FINRA takes this data and balances and reconciles with all trades reported on the consolidated tape. For every single trade on the “Non Tape Transaction” report there is an exact trade on the consolidated tape. Due to riskless principle requirements FINRA requires the use of non tape transaction to prevent the duplicate reporting of a single trade transaction.

I give you FINRA Rule 6622, in it you will find Riskless Principle Transactions along with some great examples of trade transaction and their reporting requirements. In the OTC you are mainly dealing with Examples 2A and 2B.

Yes, please do. I am always glad to respond to someone asking for advice.

FINRA short sales for SRSR
20130123|SRSR|90000|0|459504|O
19.6% of today's volume was short sales!
Go SRSR!!!

That's LEGAL shorting. Since NAKED shorting is illegal, there is NO LIMIT on how many shares of ANYTHING can be naked shorted. Just like there is a limit on how many guns a person may own, but there is no limit on how many guns a person can STEAL.

Thanks! I am excited because IMO it shows a definite connection between the Chinese investors and SRSR, which hopefully will reduce the amount of naysaying we have been seeing here every day.

Wow, one of the links on that page led to SRSR Financial statements!

SHORT INTEREST IS NOW ZERO? Please provide a link to the source for this comment(which was not prefaced by IMO, so it must be provable). I have never been able to locate a source for naked short numbers, so I expect to learn something here. This is a major breakthrough for us! Thank you Mr. Moderator!

Good grief, I'm sorry, I thought the picture was of the problem you described. Thanks to the later poster(s) who explained it.

That says July 16, 2011, and the previous close price is nowhere near correct.

HELLO!! PEOPLE WHO ENGAGE IN NAKED SHORTING NEVER EXPECT TO HAVE TO COVER! IT IS POSSIBLE THAT SRSR HAS BEEN AFFECTED BY NAKED SHORTING! IT WAS imperative, IMO, FOR ME TO PROVIDE THAT INFORMATION TO YOU.

Alan C is not the only source of information about naked short selling.....http://otcshortreport.com/SRSR

Those are LEGITIMATE short sales. It is IMPERATIVE that we do not confuse those with NAKED ILLEGAL UNETHICAL FRADULENT short sales, which are, IMO, recorded in NO OFFICIAL documentation.

From an email I received from Zecco today. I have done more research, and it seems that there is a cap of 5 on the .01 per share charge, which reduces the cost considerably.

I saw the same thing you saw on the FAQ page, so I sent an email to Zecco asking which was correct.

What is this?

TradeKing adds $0.01 per share on the entire order for stocks priced less than $2.00

This is from an announcement regarding the merger of Zecco and Tradeking. I believe this is a huge disaster / misfortune for some / many / all of us.

Advice wanted - should I sell before I lose another one third of the value of my shares?

OTCMAGIC - Sarissa Resources, Inc. (PINK:SRSR) Looking for the Next Gold Rush

SRSR has a history of explosive moves!


Las Vegas, NV -- (SBWIRE) -- 10/30/2012 -- Sarissa Resources, Inc. (PINK:SRSR) has a long history of explosive moves; back in 2009 the stock ran from under a penny to highs over $0.20 for 2000% + gains. The stock has been up in recent months from around a penny and a half to highs over $0.06

Sarissa Resources Inc. is a junior exploration company with interests in properties in Northern Ontario, Canada.

Last Friday Sarissa Resources Inc. announced an update on the previously announced Letter of Intent ("LOI") signed in July in which they went into the LOI in further detail. The stock dropped on the news for most of the day and closed under $0.03

Fore more information on SRSR and to find out what OTCMAGIC projects for Sarissa Resources, Inc. (PINK:SRSR) both short term and long term please visit our article here: SRSR

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Not true. 7,000 shares were traded at the bid (.041). That is known as a SELL. If the shares had been traded at the ask (.0459), that would have been a BUY.

Reveling? Please post a link to the meaning of reveling. TIA.

Note the word TARGETED. IMO no one promised a PR by 09/30/12.


"The parties will enter into a definitive joint venture agreement (targeted by September 30th, 2012) upon obtaining approval of the appropriate Government Agencies."

Please provide an explanation for the word "Intelegent", I am not familiar with it. Is it perhaps a mining term? A link to the definition would also be appreciated.

19 MMs on the ASK, never saw that many before.

LOL, I guess I am getting too old - usually I would pick up on something like that!!!

You were being complimented, not chastised LOL.

Translation of your EXCELLENT FIND!

The morning of July 15, Douglas Scott Keevil, Sarissa Mining Corporation of Canada chairman and general manager of MCC mining investment consulting firm, Ye Hua, visit to the treasure Ridge Iron Ore Company. Deputy chief engineer of the Corporation, Technical Center, director of Chun-Feng Liu, party secretary will treasure Ridge Iron Ore Company, general manager Zhou Qikun accompanied. The Zhou Qikun First will treasure Ridge Iron Ore Project, project progress and development planning made ??a brief introduction to the guests. scott, chairman of the company projects the achievements of highly evaluated, and the Sarissa mining companies, and hopes that both sides to strengthen exchanges in mining development, technical cooperation and other areas. At the meeting, combined with the current international mineral resources situation, the two sides on the mining technology, equipment, the introduction of detailed exchanges. Subsequently, the Expedition line to the company's dispatch center, the workshop in crushing, screening and pre-selection workshop, the main factories and other places to visit. It is understood that Sarissa mining company located in Ontario, Canada, is a super-large niobium ore zones over sixty-five million tons of proven resources, world ranked in the top three. The resource occurrence of shallow mining by open pit mining. At present, is seeking domestic economic and technological strength of the mining companies in resource development and technical cooperation. Belong to rare metal niobium, inhale, corrosion-resistant, superconductivity, monopole conductivity and strength properties at high temperatures, the application of high-tech industries including electronics, precision ceramics and precision glass industry, electro-acoustic optical devices, carbide, aerospace and electronic industries, biomedical engineering, superconducting industry, special steel and other industries. (Po Ling iron ore declared: Wang Hui Chao Yu You Hui)


http://translate.google.com/#zh-CN/en/%E5%8A%A0%E6%8B%BF%E5%A4%A7Sarissa%20%E7%9F%BF%E4%B8%9A%E5%85%AC%E5%8F%B8%E5%88%B0%E4%BC%9A%E5%AE%9D%E5%B2%AD%E9%93%81%E7%9F%BF%E5%85%AC%E5%8F%B8%E5%8F%82%E8%A7%82%E8%80%83%E5%AF%9F

MILLIONS OF DOLLARS IN DEBT ?????? Since you didn't say IMO, please provide the links to the details regarding MILLIONS OF DOLLARS IN DEBT. Thank you.

Got it. Thank you very much!

I cannot find "top listing" on the page.