Replies to post #24695 on Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Regardless of where the permits stand, they have an outstanding balance of $569,148. The note came due on Aug. 1, 2013.

Note shall bear interest at an annual rate of 15% with a maturity date of sixty (60) days after the date the United States Bureau of Reclamation issues a submittal of Environmental Assessment documentation seeking a Finding of No Significant Impact (“FONSI”) or August 1, 2013 whichever occurs first.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9462207

[Actuate]

It also looks like Rizzo will be taking legal action against SIRG as of January 1, 2014. A nice legal mess is coming between the two.

On July 30, 2013, the Company was issued a Letter of Understanding by Paul C. Rizzo Associates, Inc. whereby the Company and Paul C. Rizzo Associates, Inc. mutually forbear taking any actions against each other on any matters until January 1, 2014. Disputes have arisen with regards to the February 5, 2013 agreement (see Note 6) and the Company and Paul C. Rizzo Associates, Inc. have agreed to commence discussions and take no action against each other until after December 31, 2013.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9462207