Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Asher has also decreased the terms of their notes with SIRG from 12 months to 9 months. That shows that Asher is considering SIRG a HIGH RISK company. With no bid support and over ~$500K in notes coming due soon, how could anyone not view them as HIGH RISK?

The Company entered into a Convertible Promissory Note with Grand View Ventures on May 3, 2012 in the amount of $133,000. The note has an interest rate of 15% with the maturity date of November 1, 2012.

The Company entered into a Promissory Note with Fogo, Inc. on July 31, 2012 in the amount of $200,000. The note has an interest rate of 12% with the maturity date of January 27, 2013.

The Company entered into a Convertible Promissory Note with Grand View Ventures on February 16, 2012 in the amount of $190,000. The note has an interest rate of 15% with the maturity date of February 16, 2013
As of June 30, 2012, the carrying value of the convertible notes was $200,541.

The Company entered into a Convertible Promissory Note with Asher Enterprises Inc. on July 17, 2012 in the amount of $53,000. The note has an interest rate of 8% with the maturity date of April 19, 2013.