Cease Trade Orders

Sarissa Resources, Inc. [Cease Trade Order]

2010 BCSECCOM 346
Document Type:
Cease Trade Order
Published Date:
Effective Date:

2010 BCSECCOM 346

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2010 BCSECCOM 346

Cease Trade Order

Sarissa Resources, Inc.

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418

¶ 1 Sarissa Resources, Inc. (Sarissa) is a mineral exploration company with offices in Oakville and Chapleau, Ontario. Its principle mineral properties are located in Ontario.

¶ 2 Sarissa is not a reporting issuer in British Columbia. However, it conducts investor relations activity in and from British Columbia.

¶ 3 In its news release dated August 4, 2009, Sarissa disclosed mineral resource estimates on its Nemegosenda Project in Ontario.

¶ 4 Under section 4.2 (1)(j) of National Instrument 43-101 Standards of Disclosure for Mineral Projects,Sarissa was required to file, within 45 day of August 4, 2009, a technical report that supported its disclosure of the mineral resources.

¶ 5 Sarissa has not filed the required technical report.

¶ 6 Under section 164(1) of the Act, the Executive Director orders that all trading in the securities of Sarissa cease until:

      1. it files a technical report in the required form on its Nemegosenda Project in Ontario supporting its disclosure, and

      2. the Executive Director makes an order under section 171 of the Act revoking this order.

¶ 7 June 17, 2010

Robert Holland, P.Geo.
Chief Mining Advisor
Corporate Finance