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Re: Grolden post# 1065

Friday, 04/10/2015 6:27:59 PM

Friday, April 10, 2015 6:27:59 PM

Post# of 5282
if the r/s was cancelled, and this acquisition is being structured potentially with only 1.8m restricted shares, this looks pretty non-dilutive, as best as I can tell so far. still studying

On April 9, 2015, Siga Resources, Inc. (the “Company”) entered into a Letter of Intent whereby it will sign a definitive earn-in agreement to acquire 100% of Flex Mining Ltd., a Delaware corporation (“Flex Mining”), through the issuance of 1,800,000 restricted common shares, $10,000 payable within six months and a capital expenditure of $1,000,000 on the property over three years. Flex Mining owns 100% of six mining claims named the Big Monty located in the historic Abitibi Greenstone Belt region of Ontario, Canada.

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