Sarissa Resources Inc (SRSR)

[FogCity]

Question, how can IGEX owns asset if the terms of acquisition have not been met yet? If the deal fall through, asset goes back to SRSR? I am wondering..

Under the terms of the acquisition, the Company will file a Form S-1 to facilitate a distribution of shares so that post-split, 95% of the Indo Global shares shall be held by existing Sarissa shareholders as of the record date, while 5% will be held by existing Indo Global shareholders. Sarissa shareholders will receive 1 new share of Indo Global for every 20 Sarissa shares held on the date of record. The Company intends to file for a name change to Niobium Technology Corporation, a symbol change to “NBTC,” and for a 12,500:1 reverse split, for approval by the Financial Industry Regulatory Authority, Inc. (“FINRA”).