Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Did SIRG pay off the Grand View notes? No, they didn't! Seeing as the notes are still outstanding and there is a due date, there is still a chance Grand View could take the mine.

A deed of trust provides Grand View with the option to take the mine if SIRG defaults on the notes. Thus, if they fail to pay the notes, Grand View can take the mine. I definitely don't view that as a positive thing!! Until the notes are paid in full, a claim that Grand View won't take the mine is premature to say the least!