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Re: EarnestDD post# 13614

Friday, 05/04/2012 1:58:17 PM

Friday, May 04, 2012 1:58:17 PM

Post# of 167964
From this article, it looks like they don't truly own any part of the mine, just have rights to occupy it.

Southridge Clarifies Cinco Minas Mineral Property OwnershipFont size: A | A | A9:02 AM ET 4/13/12 | Marketwire
Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") announced today that the Company would like to clarify its mineral property ownership status at Cinco Minas in Jalisco, Mexico.

Southridge has completed binding legal agreements pertaining to Cinco Minas securing the surface rights, the property use/access and the mineral concessions. The Company currently has sole occupation and access to the property and all of the assets on the surface via a Surface Rights Agreement ("SFA") and a Property Lease Agreement ("PLA") with the local agrarian community of Cinco Minas (Ejido Cinco Minas)