GREY:SSUXF - Post by User
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CYNOSUREon Dec 01, 2010 3:36pm
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Post# 17785410
Is their a correlation between
Is their a correlation betweenrecent stock declines/wall and the change in relationship between the company and the underlined promoters? Sour Grapes? One can only wonder.
Nov 25, 2010
Silver Sun Enters into a Mutual Release and Termination of Consulting Agreements
Vancouver, British Columbia (November 25th, 2010) -- Silver Sun Resource Corp. ("Silver Sun" or "the Company") announces that it has mutually agreed to terminate the consulting agreements entered into on January 26th, 2010 with Asia Asset Management, Inc. (Munir Ali), MGK Consulting Inc. (Jason Gigliotti) and Veneto Holding Ltd. (formerly Skyridge Consulting Inc. -- Graeme Sewell).
In consideration of the mutual release and termination, Asia Asset Management, Inc. provided Silver Sun with a re-payment of $30,450 and both MGK Consulting Inc. and Skyridge Consulting Inc. provided Silver Sun with $33,075 re-payments respectively in consulting fees paid by the Company.
The Company also wishes to announce that they have terminated the option to purchase the Barkerville, British Columbia project from 0875262 BC Ltd.(Graeme Sewell).
SILVER SUN RESOURCE CORP. ("SSU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 28, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation pertaining to an Option Agreement dated April 14, 2010 between Silver Sun Resource Corp. (the 'Company') and 0875262 B.C. Ltd. (Graeme Sewell), pursuant to which the Company has an option to acquire a 100% interest in and to five contiguous mineral claims covering approximately 2,431.79 hectares in the Cariboo mining district, British Columbia. In consideration, the Company will issue a total of 2,000,000 shares and undertake a $1,500,000 work program as follows:
DATE CASH SHARES WORK EXPENDITURES
Year 1 nil 2,000,000 $100,000
Year 2 nil nil $200,000
Year 3 nil nil $200,000
Year 4 nil nil $500,000
Year 5 nil nil $500,000