Sierra Resource Group Inc. (fka SIRG)

[Actuate]

The filing states they are still searching for sufficient funding to re-open the mine. The only type of funding SIRG can/has been able to get is TOXIC FUNDING that requires things like an A/S increase to 990M!!! Please see the link below for info on the A/S increase.

The Board of Directors of the Company voted unanimously to implement the Articles Amendment because the Board of Directors believes that an increase to the number of authorized shares of the Company’s common stock and the authorization of shares of preferred stock will (i) to ensure that the Company is in compliance with requirements for reserve stock set forth in its loan agreements with Asher Enterprises Inc. and other lenders as more particularly described below; (ii) allow the Company to raise operating capital that may be needed in the short term to continue its operations while seeking sufficient funding to re-open mining operations at the Chloride Copper Mine; and (iii) provide the Company the ability to reserve further shares as required by the 2012 Incentive Stock Plan.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8906973