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Re: xZx post# 48652

Thursday, 09/17/2015 1:08:16 PM

Thursday, September 17, 2015 1:08:16 PM

Post# of 62039
So lets add up what we got so far and see if everyone is on the same page.

1) SIRG was once 100% owner of the mine
2) BK stated definitive agreement between OROT and SIRG for $1.1MM for the purchase of the mine and a relationship for future business agreements/deals that would either allow SIRG to remain independent and become profitable again or...they merge and give presence to OROT on US soil
3) since the BK docs, the mine was foreclosed or sold to Sunburst...AFTER OROT paid SIRG for the mine?

How much of the mine was sold/given to Sunburst? all 100% or the 80% rickjc claims they owned and the remaining 20% of the mine was bought by OROT? If SIRG only owned, at that point, 20% of the mine, wouldn't that still (regardless of who owns the majority of the mine), result in a merger/partnership between SIRG and OROT as clearly stated in the BK docs? Even if OROT only bought the remaining 20% of the mine, which would account for 100% of SIRGs remaning interest....then that still technically would be considered a merger and OROT's financials would reflect on SIRGs filings and a proper pps to follow as well.

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