Sarissa Resources, Inc. (OTCPK:SRSR) announced a private placement of common shares for gross proceeds of $250,000 (CAD 250,288) on August 6, 2012. The securities will be issued pursuant to Regulation D. The conversion was made through www.oanda.com as on August 6, 2012.

As of August 29, 2012, the company raised $120,000 from one investor.

On September 19, 2012, Sarissa Resources, Inc. closed the transaction. The company issued flow through units and common share units in the transaction. Each unit comprises of one common share and one share purchase warrant. The company issued a total of 22,375,000 units at CAD 0.02 per unit for gross proceeds of CAD 447,500