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  4. Sierra Resource Group Inc (SIRG) Message Board

redrock assets lists this as 1 of the projects ac

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Post# of 4018
Posted On: 09/07/2014 10:58:36 PM
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Posted By: microcaps
Re: microcaps #3716
redrock assets lists this as 1 of the projects accredited investors can invest in
and takes 1/2 of the profits of their projects

sirgs bank-redshirts group- would have to agree and i'm not sure why sirg would want such an arrangement at the max amount of the collateral,which is estimated at 13 million

these are from what i've seen in just minutes just possible proposals, though kcpc pr said they had entered into funding agreements - i think they mean conditional agreements -based on investors picking sirgs project as something they want to invest in

i'm not a lender and have never seen this kind of funding and wonder why accredited investors would want to go thru 3rd party rather than exacting demands directly from the co-- except this allows investors who dont want that type of involvement or risk and dont have the expertise to do this themselves -assuming its legit -maybe i'll ask a mining funding expert for his opinion

Project: Chloride Copper
Commodity: Copper
Location: Arizona
Project Loan: US $13 Million
Interest: 7.5% Per Annum
Including Profit Share:
13% - 15% Per Annum



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