OTCPicks Featured Company: Sunrise Consulting Group, Inc. (SNRS.PK) Signs Letter of Intent with Cao Tian Iron Ore Mines
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…