Replies to post #70094 on Sarissa Resources Inc (SRSR)

[ltoro43]

Do you know how the persons providing flow through financing are compensated if the are not given stock?

[TraderDog]

Here direct from the filing:

On January 27, 2009 the Company issued 3,125,000 shares at $0.0001 in exchange for loans from three investors.

On February 24, 2009, the Company issued 7,586,219 shares at $0.0176 for debt conversion for four vendors.

Subsequent to the year-end the Company issued 21,346,553 common shares for proceeds of $468,409.

There were also millions of shares issued before that. These shares are not restricted from what I can see. The shares can be sold any time.


Its not a big deal really but the fact remains they have issued shares for loans,services, etc. PAGES 11 AND 12.