Sarissa Resources Inc (SRSR)

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The BCSC seems to disagree with you about material disclosures in a PR. In fact, the illegitimate disclosure of an unsubstantiated "indicated resource" was precisely the reason they issued a CTO.

The company touted an indicated resource when Archibald's recommendations indicated that more drilling was needed for a compliant resource.


2010 BCSECCOM 346
Cease Trade Order
Sarissa Resources, Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 Sarissa Resources, Inc. (Sarissa) is a mineral exploration company with offices in
Oakville and Chapleau, Ontario. Its principle mineral properties are located in
Ontario.
¶ 2 Sarissa is not a reporting issuer in British Columbia. However, it conducts
investor relations activity in and from British Columbia.
¶ 3 In its news release dated August 4, 2009, Sarissa disclosed mineral resource
estimates on its Nemegosenda Project in Ontario.
¶ 4 Under section 4.2 (1)(j) of National Instrument 43-101 Standards of Disclosure
for Mineral Projects, Sarissa was required to file, within 45 day of
August 4, 2009, a technical report that supported its disclosure of the mineral
resources.
¶ 5 Sarissa has not filed the required technical report.
¶ 6 Under section 164(1) of the Act, the Executive Director orders that all trading in
the securities of Sarissa cease until:
1. it files a technical report in the required form on its Nemegosenda Project in
Ontario supporting its disclosure, and
2. the Executive Director makes an order under section 171 of the Act revoking
this order.
¶ 7 June 17, 2010
Robert Holland, P.Geo.
Chief Mining Advisor
Corporate Finance