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Sierra Resource Group Inc SIRG
Posted On: 08/21/2012 9:55:05 PM
Post# of 4018
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Posted By: Lmcat

SIRG - DTCC CHILL REMOVED - One of the very few companies to accomplish this.


On or about January 2012, the Depository Trust & Clearing Corp. (DTC) suspended post-trade settlement service (known as "Global Lock" or Chill") for SIRG securities. Upon our inquiry, the compliance department at the DTC advised us that the Global Lock had been in instituted due to the uncertainty about the valid issuance of shares of our company held in street name under their nominee Cede & Co. Our management subsequently provided documentation necessary to lift the Global Lock, and on August 14, 2012, the DTC advised us that they had resumed accepting deposits of SIRG stock for depository and book-entry transfer services.














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