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
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
Southridge Investors can access the following Southridge Minerals social media
YouTube Cinco Minas Mexico Project:
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
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
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.
Southridge Enterprises Inc.
Tel. (214) 699-6255
SOURCE Southridge Enterprises Inc.
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