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Western Sierra Resource Corporation Announces Completion of Audits Reflecting $47 Million in Assets and Prepares S-1 Filing to Take Initial Steps Toward Nasdaq Listing
Western Sierra Resource Corporation Announces Completion of Audits Reflecting $47 Million in Assets and Prepares S-1 Filing to Take Initial Steps Toward Nasdaq Listing.
About this update from Western Sierra Resource Corp.
[{"type":"text","content":"\n STEAMBOAT SPRINGS, Colo., Oct. 27, 2021 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to announce the successful completion of an Audit of the Company’s last two Annual Financial Statements—years ending December 31, 2019 and December 31, 2020. An independent auditor and PCAOB registered accounting firm, BF Borgers CPA PC, completed the audit of the Company's financial statements within the guidelines of Generally Accepted Accounting Principles (GAAP). The audits reflect total assets of $47.4 million as of December 31, 2020. Audited figures reflect assets of $49.6 million as of 06.30.21. The Company will file a copy of the completed 2019 and 2020 Audit on OTC Markets concurrent with this press release.     As part of its overall plan to move toward a listing on NASDAQ, the Company is preparing to file its Form S-1 registration statement. The Company re-confirms that no new shares will be issued in conjunction with the S-1.     WSRC continues to position itself as a multi-dimensional natural resource, renewable resource, and energy / energy conservation enterprise. The Company is investing the necessary time, diligence, and capital to achieve sustainable growth by meeting individual project revenue objectives to the benefit of our shareholders. We will post documentation confirming tangible project milestones responsibly and at the appropriate time as events unfold. The following is a brief description of Projects: Natural Resource Development: Enhanced (Proprietary and Eco-Sensitive) Microscopic Recovery of Precious Metals as a hedge against currency fluctuation/devaluation. (Sage Hen Mine, Nevada)Natural Resource Development: Water and Infrastructure for beneficial use in cultivation of industrial hemp for processing and subsequent manufacture of “green” carbon sequestering construction products to build affordable homes in collaboration with Global Hemp Group. (Hayden, Colorado)Natural Resource Development: Helium exploration and production to address unmet demand in myriad technological applications. (NM, CO, AZ, NV)Energy Conservation and Power Generation Technologies: On-going R&D, patent, and implementation of environmentally conscious innovations for energy/cost saving Heating/Cooling (HVAC), Refrigeration, and Air Purification sy...