Wednesday, November 14, 2012 9:48:17 AM
The Company and its advisers are currently evaluating alternatives and are in advanced discussions with two major NYSE listed metal producers regarding their Jalisco mineral concessions and properties. One of the firms has already signed preliminary documents for the full acquisition of the Cinco Minas property.
Additionally, a major gold producer with a satellite office located in Guadalajara has contacted Southridge with a joint partnership interest in Cinco Minas and the companies are engaged in serious discussions at this time. Southridge expects that the process could be completed within approximately 4 weeks.
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