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Golden Sun Mining Corp. SSUXF



GREY:SSUXF - Post by User

Post by CYNOSUREon Dec 01, 2010 3:36pm
756 Views
Post# 17785410

Is their a correlation between

Is their a correlation between

recent 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

 

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