Interesting. From what I am gathering here though is the only asset the
company has will be sold to a private company's subsidiary out of DE for
$1.1 million. The money obtained from that deal will be used to pay off
their debt to Sunburst Minerals, LLC.
There is a deal between SIRG and the private company to begin work on the
mine, however. And over time, SIRG will earn a 5% ownership of the mine.
I am curious if the company will PR the details.
There's also another offer on the table from what I am hearing...
Key Capital Group and an asset management company took to a public fund
raising campaign to collect enough money from investors to buy the Chloride
Copper Mine and use SIRG's approved EPA plan to mine it.
According to Pacer, nothing has been set in stone yet, so will be watching
to see if any new filings pop up this week.
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