SEC SUSPENDS TRADING IN SECURITIES OF SOUTHERN USA RESOURCES
(The following is a reformatted version of a press release issued by The U.S. Securities and Exchange Commission and received via electronic mail. The release was confirmed by the sender.)
Contact: SEC Office of Public Affairs - 202-551-4120
More information about the trading suspension process is available at: http://www.sec.gov/investor/alerts/tradingsuspensions.pdf
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
Release No. 69010 / March 1, 2013
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Southern USA Resources, Inc. (“Southern USA Resources”) commencing at 9:30 a.m. EST on March 1, 2013, and terminating at 11:59 p.m. EDT on March 14, 2013.
The Commission temporarily suspended trading in the securities of Southern USA Resources because of questions that have been raised about the accuracy of assertions by Southern USA Resources, and by others, in press releases and other public statements to investors, and in promotional mailers, concerning, among other things: (i) the company’s operations; and (ii) the company’s outstanding shares.
The SEC acknowledges the assistance of the Alabama Securities Commission.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspensions, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Southern USA Resources’ securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.