{"id":464492,"date":"2021-03-24T14:18:47","date_gmt":"2021-03-24T18:18:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464492"},"modified":"2021-03-24T14:18:47","modified_gmt":"2021-03-24T18:18:47","slug":"nio-star-corp-conveys-secured-property-to-rd-volusia-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\/","title":{"rendered":"Nio-Star Corp., Conveys Secured Property to RD Volusia LLC"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n TORONTO<\/span>, March 24, 2021<\/span> \/PRNewswire\/ — Sarissa Resources Inc. (OTC-Pink: SRSR) (“Sarissa” or the “Company”) is advising its\u00a0shareholders that the Company’s Nio-Star Corp (“Nio-Star”) subsidiary was not successful in curing the default on the Convertible Note issued to RP Capital Group Inc.\u00a0Official notice of that default was served on March 17, 2021<\/span> by RD Volusia LLC (“RD Volusia”) an assignor of the Convertible Note issued to RP Capital Group Inc. As a result, on March 18, 2021<\/span>, the Company announced the default and the notice of such default in a press release. Pursuant to the terms of the Convertible Note and the default notice, Nio-Star had 5 days to cure the default.\u00a0<\/p>\n

Nio-Star was unable to secure the capital required to repay the required $C384,058.51<\/span> or negotiate an alternative solution prior to the five day deadline. On March 23, 2021<\/span>, Nio-Star conveyed the Secured Property to RD Volusia as required as a condition of the terms of the Convertible Note. The Secured Property of Nio-Star entails all assets of Nio-Star including the patented land and mining leases.\u00a0<\/p>\n

The Nio-Star Board stated, “While this outcome was not what we hoped for, during negotiations RD Volusia has indicated that while it has already taken possession\u00a0of the Secured Property of Nio-Star, it is open to renegotiating with the board of Nio-Star depending on the outcome of the upcoming Sarissa shareholder meeting. RD Volusia has made it clear that it will not renegotiate a potentially more favorable outcome for Sarissa shareholders, if the shareholders vote to elect the directors put forth by Mr. Currah, et.al., to the board of Sarissa at the upcoming shareholder meeting due to a history of securities fraud charges and settlements as well as allegations of securities fraud while previously involved with Sarissa which are pending in Ontario Superior Court.”<\/p>\n

Nio-Star’s board will continue to provide updates as further developments occur in this matter.\u00a0<\/p>\n

\n About Sarissa Resources Inc.\u00a0<\/b>\n <\/p>\n

Sarissa Resources Inc. is a mining development company presently focuses on developing the\u00a0Nemegosenda Niobium project through its Nio-Star Corp., subsidiary.\u00a0<\/p>\n

\n For further information contact:\u00a0<\/b>\n <\/p>\n

\n Sarissa Resources Inc.\u00a0
<\/b>Telephone: +1-702-550-2347
<\/u>Email: IR.SarissaResources@gmail.com<\/a><\/p>\n

\n Forward-Looking Statements Certain statements in this press release may be considered forward-looking<\/i>
\n \u00a0statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as plans, anticipates, expects, believes or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking information. These factors are discussed in greater detail in the Company’s business plan and filings with the OTC Markets.<\/i>\n <\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc-301255227.html<\/a><\/p>\n

SOURCE Sarissa Resources Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire TORONTO, March 24, 2021 \/PRNewswire\/ — Sarissa Resources Inc. (OTC-Pink: SRSR) (“Sarissa” or the “Company”) is advising its\u00a0shareholders that the Company’s Nio-Star Corp (“Nio-Star”) subsidiary was not successful in curing the default on the Convertible Note issued to RP Capital Group Inc.\u00a0Official notice of that default was served on March 17, 2021 by RD Volusia LLC (“RD Volusia”) an assignor of the Convertible Note issued to RP Capital Group Inc. As a result, on March 18, 2021, the Company announced the default and the notice of such default in a press release. Pursuant to the terms of the Convertible Note and the default notice, Nio-Star had 5 days to cure the default.\u00a0 Nio-Star was unable to secure the … <\/p>\n

Continue reading “Nio-Star Corp., Conveys Secured Property to RD Volusia LLC”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464492","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNio-Star Corp., Conveys Secured Property to RD Volusia LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nio-Star Corp., Conveys Secured Property to RD Volusia LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TORONTO, March 24, 2021 \/PRNewswire\/ — Sarissa Resources Inc. (OTC-Pink: SRSR) (“Sarissa” or the “Company”) is advising its\u00a0shareholders that the Company’s Nio-Star Corp (“Nio-Star”) subsidiary was not successful in curing the default on the Convertible Note issued to RP Capital Group Inc.\u00a0Official notice of that default was served on March 17, 2021 by RD Volusia LLC (“RD Volusia”) an assignor of the Convertible Note issued to RP Capital Group Inc. As a result, on March 18, 2021, the Company announced the default and the notice of such default in a press release. Pursuant to the terms of the Convertible Note and the default notice, Nio-Star had 5 days to cure the default.\u00a0 Nio-Star was unable to secure the … Continue reading "Nio-Star Corp., Conveys Secured Property to RD Volusia LLC"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-24T18:18:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN20887&sd=2021-03-24\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nio-Star Corp., Conveys Secured Property to RD Volusia LLC\",\"datePublished\":\"2021-03-24T18:18:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\\\/\"},\"wordCount\":499,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LN20887&sd=2021-03-24\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nio-star-corp-conveys-secured-property-to-rd-volusia-llc\\\/\",\"name\":\"Nio-Star Corp., Conveys Secured Property to RD Volusia LLC - 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