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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Southridge Enterprises Inc (CE) | USOTC:SRGE | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
"Obviously, we are disappointed with recent events, and it has forced us to re-evaluate some of our goals as a company, and where our focus needs to be directed. The fact remains that Southridge maintains several world-class mining assets in Mexico, notably Cinco Minas and Gran Cabrera, that has neither changed nor has it been effected," said Michael Davies, the President and CEO of Southridge Enterprises. "Our goal moving forward is to be focused on developing our considerable mining assets, while we continue to negotiate with other suitable joint venture partners on expanding these assets. Shareholders of Southridge own a very attractive and valuable precious metals mining asset, in a politically stable region that is favorable towards new mining initiatives. Taking this into consideration, it is our assertion that the Company is well positioned for both continued growth and development, and is an attractive acquisition or joint venture partnership target for a senior mining company."
Southridge announced the strategic focus of the Company is to:
Lastly, due to recent circumstances and the holiday season, the Company would like to clarify that the December cash dividend has not been completed and has been postponed. Those shareholders that did not receive the dividend yet will be added to the distribution in the Company's upcoming quarterly cash dividend.
For further information on the Company's Gold and Silver projects, visit our website: http://www.southridgeminerals.com.
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:
http://youtu.be/R6P8oght4Ik
http://youtu.be/o2LfLaSu8ww
Facebook:
http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466
Twitter: http://twitter.com/SouthridgeSRGE
About Southridge Minerals, Inc. (SRGE)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements
Although the Company believes that the forward-looking statement of beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's published current and periodic reports.
CONTACT: Southridge Enterprises Inc. Investor Relations Tel. (214) 699-6255 Email: info@southridgeminerals.com http://www.southridgeminerals.com
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