OAKVILLE, Ontario, Nov. 24, 2014 /PRNewswire/ -- Sarissa
Resources Inc. ("Sarissa" [SRSR:OTCPK], or the "Company") is
pleased to announce that its auditor, Ross Pope LLP., has completed
its audit of the 2013 and 2012 financial statements of the
Company's wholly owned subsidiary, Nio-Star Corp.
("Nio-Star"). This audit was conducted in connection with the
Company's previously announced plans to pursue an independent
public listing of Nio-Star Corp., and spinout of Nio-Star Corp. to
Sarissa's shareholders.
The audit that was conducted and completed related to the
financial Statements for Nio-Star Corp. for the years ending
December 31, 2013 and December 31, 2012. An audit of the
financial statements for that company for the year ended
December 31, 2011 had previously been
completed by Ross Pope LLP. Copies of the financial
statements and audit report thereon will be filed on the Company's
website (www.sarissaresources.com) under the "INVESTORS"
section.
"The completion of these audited Nio-Star financial statements
marks another important step towards completing the Company's
recently announced development plan. It is gratifying to see
the pieces of the Company's development plan being accomplished so
quickly," said Scott Keevil, Chief
Executive Officer of Sarissa.
"The company continues to execute its previously announced
development plan for its Nio-Star subsidiary's Nemegosenda Niobium
property. This is a very exciting time in the development
timeline of this project. These audits, along with the
upcoming updated resource calculation being completed to NI 43-101
standards, will allow us to move ahead with an application for
an independent listing of the Company's Nio-Star subsidiary,
and ultimately to the spinout of that subsidiary to Sarissa
shareholders," said Dan Byrnes,
President of Sarissa.
About Sarissa Resources Inc.
Sarissa Resources Inc. is
a junior exploration company with interests in properties
in Northern Ontario, Canada. Sarissa and Nio-Star are
specifically focused on the development of the Nemegosenda niobium
project as well as the Shining Tree Resources Corp. gold
projects. Visit www.sarissaresources.com for additional
information.
Safe Harbor
This press release contains statements,
which may constitute "forward-looking statements" within the
meaning of the Securities Act of 1933 and the Securities Exchange
Act of 1934, as amended by the Private Securities Litigation Reform
Act of 1995. Those statements include statements regarding the
intent, belief or current expectations of Sarissa Resources Inc.
and Nio-Star Corp., as well as members of their respective
management, in addition to the assumptions on which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of financial results and
positions, the ability to compete successfully and the ability to
complete above-referenced exploration and testing, as well as
business transactions. Neither Sarissa nor Nio-Star undertakes any
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results.
For further information contact
Dan Byrnes
Sarissa Resources
Inc.
Telephone: 866-307-1331
Email:
ir@niostar.com
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SOURCE Sarissa Resources Inc.