| Sarissa Resources Announces Letter of Intent to Form Joint Venture and Access Project Financing |
Aug 07 2012 |
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Sarissa Resources Inc. , through its wholly-owned subsidiary Nio-Star Corp. ("Nio-Star" or "the Company") is pleased to announce that they and a mining group have signed a Letter of Intent to form a Joint Venture company (the "JV") to finance the advanced exploration of Nio-Star's Nemegosenda niobium property (the "Property") near Chapleau in Northern Ontario. The parties will enter into a definitive joint venture agreement (targeted by September 30th, 2012) upon obtaining approval of the appropriate Government Agencies.
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| Sarissa Resources Announces Update on Financing Option Agreement |
Mar 04 2012 |
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Sarissa Resources Inc. wishes to update shareholders on the option and financing agreement (the “Option”) entered into in 2011 as well as other potential financing options.
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| Sarissa Resources Updates |
Dec 19 2011 |
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Sarissa Resources, Inc. is pleased to provide this update to ongoing corporate and project initiatives, specifically relating to the financing initiatives out of Hong Kong, and the Shining Tree Resources properties and spin-out transaction.
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| Sarissa Resources Drilling Results from Shining Tree Resources |
Dec 01 2011 |
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Shining Tree Resources Corp., a wholly-owned subsidiary of Sarissa Resources Inc., is pleased to release the results from the second phase of diamond drilling conducted at the company’s initial gold prospect in the Shining Tree area of northern Ontario.
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| Sarissa Resources Announces Financing Option Agreement |
Oct 25 2011 |
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Sarissa Resources, Inc. is pleased to announce that its annual and special meeting of shareholders of the Company was held on Tuesday, October 18th, 2011 in Toronto, and that, amongst other items, the Company’s plans to pursue a transfer agreement and separate public listing for Nio-Star Corp. (“Nio-Star”); and a spin out transaction for Shining Tree Resources Corp. were approved.
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| Sarissa Resources Announces Financing Option Agreement |
Aug 04 2011 |
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Sarissa Resources, Inc. is pleased to announce that it has entered into an option and financing agreement (the “Option”) with a company based in Hong Kong (referred to as “HKHE”). Under the terms of the Option, when exercised between CDN$5,500,000 and CDN$10,000,000 will have been raised by HKHE and Sarissa will transfer the ownership of its wholly-owned subsidiary, Nio-Star Corp., to HKHE in return for approximately 65% to 75% of the capital of HKHE, depending on the amounts raised. At that time Sarissa will have the right to appoint three directors to the board of HKHE, and the finance group will have the right to appoint two.
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| Sarissa Resources Announces the Acquisition of Additional Claims in Shining Tree Resources |
Jun 02 2011 |
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Shining Tree Resources Corp. is pleased to announce that it has acquired an additional claim group in the Shining Tree area of Northern Ontario.
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| Sarissa Resources Announces the Spin-Out of its Interests in its Shining Tree Mineral Claims |
Mar 31 2011 |
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Sarissa Resources, Inc. is pleased to announce that it proposes a spin-out transaction for the Company's Shining Tree gold property (the "Shining Tree Property") in Northern Ontario to a new company, Shining Tree Resources Corp. ("Shining Tree"). Sarissa expects that it will accomplish this spin-out by declaring a dividend-in-kind of all the shares of Shining Tree to the shareholders of Sarissa. The spin-out is being implemented as a first step in the Company’s continued efforts to enhance shareholder value, which Sarissa is confident can be best accomplished by creating a separate Ontario focused exploration company. Management of Sarissa hopes that Shining Tree would become a Canadian reporting issuer at the time of, or as soon as possible following, the spin-out.
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| Sarissa Resources Shareholder Update |
Jan 13 2011 |
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Sarissa Resources, Inc. is pleased to provide a general company update to inform shareholders of ongoing initiatives.
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| Sarissa Resources Inc. Shining Tree Property Winter Exploration Program |
Nov 05 2010 |
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Sarissa Resources Inc., announces a follow-up exploration program at its gold property in the Shining Tree area of northern Ontario. The Shining Tree property consists of 18 claim units in the townships of Asquith and Churchill, near the community of Shining Tree, Ontario. This work will follow on from last year’s drilling program.
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