Sarissa Resources Inc (SRSR)

[joseytheoutlawwales]

This, to me, means the asset was transferred. Am I incorrect in this?

ronto, Ontario, Canada -- March 24, 2021 -- InvestorsHub NewsWire -- Sarissa Resources Inc. (OTC Markets: Pink SRSR) ("Sarissa" or the "Company") is advising its shareholders that the Company's Nio-Star Corp ("Nio-Star") subsidiary was not successful in curing the default on the Convertible Note issued to RP Capital Group Inc. Official notice of that default was served on March 17, 2021 by RD Volusia LLC ("RD Volusia") an assignor of the Convertible Note issued to RP Capital Group Inc. As a result, on March 18, 2021, the Company announced the default and the notice of such default in a press release. Pursuant to the terms of the Convertible Note and the default notice, Nio-Star had 5 days to cure the default.

Nio-Star was unable to secure the capital required to repay the required $C384,058.51 or negotiate an alternative solution prior to the five day deadline. On March 23, 2021, Nio-Star conveyed the Secured Property to RD Volusia as required as a condition of the terms of the Convertible Note. The Secured Property of Nio-Star entails all assets of Nio-Star including the patented land and mining leases