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Sunday, 10/17/2010 1:50:04 AM

Sunday, October 17, 2010 1:50:04 AM

Post# of 165854
British Columbia Securities Commission pdf found here:

http://www.google.com/url?sa=X&q=http://cto-iov.csa-acvm.ca/ArticleFile.asp%3FInstance%3D101%26ID%3D5F50F5B8D4854650B0D762186ECD13C8&ct=ga&cad=:s7:f1:v0:d1:i1:ld:e0:p0:t1287286464:&cd=z4G87GSHHjQ&usg=AFQjCNFFOUnouXj9Lj3ZW_xVZkprrarCbQ


British Columbia Securities Commission
Tel: 604 899-6500 Fax: 604 899-6506 Toll Free: 1 800-373-6393 www.bcsc.bc.ca
P.O. Box 10142, Pacific Centre, 701 West Georgia Street, Vancouver, BC, Canada V7Y 1L2
2010 BCSECCOM 589
Variation of Cease Trade Order
Sarissa Resources Inc.
Sections 164 and 171 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 On June 17, 2010, the Executive Director ordered (the Cease Trade Order) under section
164 of the Act that trading in the securities of Sarissa Resources, Inc. (the Company)
cease until the Company files a technical report that supported its previous disclosure of
a mineral resource estimate on its Nemegosenda Project in Ontario and the Executive
Director makes an order under section 171 of the Act revoking the Cease Trade Order.
¶ 2 The Company’s name should have been shown as Sarissa Resources Inc.
¶ 3 The Company has filed a technical report that does not support the Company’s previous
mineral resource estimate. By news release dated October 5, 2010, the Company
retracted its previous mineral resource estimate and has revised and updated its technical
disclosure on the Nemegosenda Project.
¶ 4 The Company is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted
on the U.S. Over-the-Counter Markets because since September 15, 2008, investor
relations activities have been conducted by it or on its behalf in or from British
Columbia.
¶ 5 The Company has failed to file:
1. interim financial statements for the interim periods ended September 30, 2008,
March 31, 2009, June 30, 2009, September 30, 2009, March 31, 2010 and
June 30, 2010, as required under Part 4 of National Instrument 51-102 Continuous
Disclosure Obligations (NI 51-102) and section 5(b) of BCI 51-509,
2. comparative annual financial statements for its financial years ended
December 31, 2008 and December 31, 2009, as required under Part 4 of NI 51-102
and section 5(b) of BCI 51-509,
3. Form 51-102F1 Management's Discussion and Analysis for the periods ended
September 30, 2008, December 31, 2008, March 31, 2009, June 30, 2009,
September 30, 2009, December 31, 2009, March 31, 2010 and June 30, 2010, as
required under Part 5 of NI 51-102 and section 5(b) of BCI 51-509, and

4. Form 51-102F2 Annual Information Form for the years ended
December 31, 2008 and December 31, 2009, as required under section 5(c) of BCI
51-509
(the required records).
¶ 6 Under section 171 of the Act, the Executive Director varies the Cease Trade Order to:
1. reflect the proper spelling of the Company’s name: Sarissa Resources Inc.,
2. delete paragraphs 3, 4 and 5, and
3. amend paragraph 6 to delete section 1 and to substitute “it files the required records
completed in accordance with the Act and regulations” therefor.
¶ 7 October 15, 2010
John Porges
Manager
Corporate Finance