Sarissa Resources Inc (SRSR)

[Tar sands]

I believe that shares can be issued to the maximum authorized as long as any potential obligations are not ignored (ex: options etc).

As for an "Insider" loan it does not have to be secured except by a Note if the Lender is prepared to accept that arrangement.

Scott presumably has the wherewithal to advance a reasonable amount (loan) however it is unclear as to whether Dan has the resources required. It is disturbing that funds originally described as private (Dan) funds were actually funds from a retirement fund (now subject of a lawsuit).

IMO it is a difficult situation for the Company, hence the Shareholders, unless they can secure a financing to take them through the step that the Company has announced they are undertaking.