Southridge Enterprises Inc (SRGE)

[MikeLandfer]

SRGE connecting the dots here: THIRD PLAYER INVOLVED?

Southridge's recent $15.6 million financing, arranged within the European investment community through Duvernoi Capital Investments Inc. ("DCII"), has begun with the advance of the first tranche of $4.8 Million. The funds will be used exclusively for CMM 500 ton per day (tpd) Mill construction.

The CMM 500 ton per day (tpd) project, which will be developed and implemented in various phases over the following year, is scheduled for completion by November, 2013, at a total budgeted cost of $21-$23 million.

15.6 million x 1.35 (35%) = 21.06 million$
Exactly the estimated cost for CMM 500 expansion..

On January 17, 2012, the Company entered into a Letter of Intent ("LOI") for a $1.2 million USD funding commitment. Under
the terms of the LOI, the investing partner company will earn a 35% equity stake in the net revenues from Phase 1 of the Cinco
Minas Mill Production Plan and have the first right of refusal to participate in the future expansion of the mill's capacity to 500
tonnes per day, subject to due diligence and assurances.

Is this the third player? Funny their 35% equity stake is EQUAL to the 35% in financing missing (needed) from CMM 500 ton per day expansion.

And low and behold:

Southridge Announces Major Multi-Million Dollar Expansion of Cinco Minas Mill to 500 Ton per Day (tpd)
Date : 09/10/2012 @ 9:32AM

Expansion is going ahead!

Looks like THIRD PLAYER has AGREED to move ahead with PHASE 2!

JV / BUYOUT RUMORS have legs?