Southridge Announces Signed Agreement with Major NYSE Listed Mining
Company on Cinco Minas and Gran Cabrera Gold & Silver Mines in
Mexico
DALLAS, Dec. 13, 2012 /PRNewswire/ -- Southridge
Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company")
is please to announce that it has signed a Confidentiality
Agreement (CA) with a major NYSE listed gold mining company
regarding both the Cinco Minas and Gran Cabrera properties. Due to
terms contained within the CA, the Company is unable to announce
either details of the CA or the parties involved.
"Obviously we are very excited to be involved with a global
mining leader, this is a new phase of development for Southridge,
and it is a confirmation of our efforts over the past several
years. Our goal from beginning for both Cinco Minas and Gran
Cabrera has been to secure a world-class partner that is capable of
moving these projects forward, and today is a major step that
direction," said Michael Davies,
President & CEO of Southridge. "While a CA is early in the
process, I feel it is important to note that Southridge who was
sought out by multiple offers and that both Cinco Minas and Gran
Cabrera are the subject of intense interest. We are confident that
these two projects warrant further development and we will be
successful in executing our goal of building a world-class gold and
silver mining facility at Cinco."
The Company stated, it felt a duty to report the latest
development to shareholders due to previous news announcements. But
it is important to note that due to legal obligations and the
sensitive nature of this process; Southridge will issue no further
comments regarding the Agreement until such time it is warranted.
"This is a crucial point in the development of Southridge and it is
vital we do not jeopardize the future of the company. We need to be
focused on executing our long-term strategy by continuing to
develop our mining assets in the Sierra Madre Gold Belt," said
Davies.
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
http://www.srge.mobi
SOURCE Southridge Enterprises Inc.
