Friday, March 27, 2020 8:32:15 PM
Southridge Enterprises, Inc., through its subsidiary, Southridge Minerals, Inc., focuses on the acquisition, exploration, and development of gold and silver mines in Mexico. The company holds an agreement to acquire a 100% interest in the Cinco Minas property covering approximately 10,750 hectares located northwest of the city of Guadalajara; and the Gran Cabrera property covering approximately 4,300 hectares located northwest of Cinco Minas. It also has an option to acquire a 40% interest in the Esperanza property covering approximately 106,333 hectares located north of La Estancia, Jalisco. The company was founded in 2004 and is based in Dallas, Texas. Southridge Enterprises Inc. operates as a subsidiary of Novamex Mineral SA.
https://finance.yahoo.com/quote/SRGE/profile?ltr=1
800,000,000 shares were assigned to Novamex Mineral S.A.. On December 10, 2010, the mineral exploration agreement was finalized with the purchase price for the assets comprising the mineral concessions "Gran Cabrera" was $2,500,000 and "Cinco Minas" was $5,000,000. As of May 31, 2012, the total purchase price has been paid in full and $1,420,836 has been incurred for exploration and development costs.
Some opinions say MSJ acquired just the SRGE assets...Even out from under Novamex Mineral S.A.(majority shareholder) and SRGE shareholders? LMAO I THINK NOT! imho
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