Sarissa Resources Inc (SRSR)

[downsideup]

Man, that is one action packed PR...

What I picked out of it to comment on tonight was: "the Company’s plans to pursue a transfer agreement and separate public listing for Nio-Star Corp. (“Nio-Star”); and a spin out transaction for Shining Tree Resources Corp."

So, what's the actual difference between a "spin out transaction" and "a transfer agreement and separate public listing" ?

They define that the spin out "would be accomplished through a dividend-in-kind of all of its shares in Shining Tree Resources Corp. to the shareholders of Sarissa."

Huzzah!!!

It makes it sound like the Niostar deal, at least at this stage of it, might include a "separate listing" for Niostar, without that meaning that SRSR holders are going to get any shares... or, perhaps SRSR will continue holding its Niostar ownership, until some later date at which a distribution plan will be finalized ?