Sunrise Consulting Group, Inc. (OTC: SNRS), recently signed a letter of intent with Cao Tian Iron Ore Mines, ZhuZhou City, Hunan Province, for the concession rights to go in and mine the area of that region for at least thirty years. Contained in the letter are the agreed upon terms and conditions involving both parties.
Part of the agreement requires Sunrise Consulting Group, Inc. to issue one million shares of preferred stock to own 100% of the mining rights when the final agreement is signed. The shares will carry guaranteed buyback options within twenty-four months at $1.00USD per share. The total buyback is set to be $1,000,000 USD.
The land that the company will be mining stretches to a staggering three square miles, and the mountain holds an estimated three million tons of Iron Ore that can be mined over for the next thirty years. The company will be moving forward quickly in order to be in accordance with the already agreed upon terms and conditions proposed in the agreement (LOI).
Having been based in Hong Kong for the last ten years, Sunrise Consulting Group, Inc. CEO Raymond Chin has already established relationships with Chinese companies that have an interest in going public. The majority of the companies come from mainland China and Hong Kong, with contacts also in Laos, Vietnam, Malaysia, Australia and others in the Pacific Rim and Southeast Asia. A goal that is set by the company is to become the premier Investment Banking Firm serving small to medium sized companies in China and throughout Asia. Management has been having success with public companies in the United States as well.
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