Southridge Enterprises Inc (SRGE)

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Los Angeles, CA, Jan 02, 2013 (eTeligis.com via COMTEX) Southridge Enterprises Inc (PINKSHEETS:SRGE) halted at $0.0057. The U.S. Securities and Exchange Commission temporarily suspended trading in the securities of Southridge because of questions regarding the accuracy of statements made by Southridge in press releases to investors concerning, among other things, the company's business operations and arrangements.

The Company announced a new Joint Partner with Kinross Gold Corp for its Cinco Minas and Gran Cabrera properties. Southridge's joint partnership with Kinross is valued around $550,000,000 to $600,000,000. Southridge and its advisers are currently working hand in hand with Kinross to finalize the remaining documents and agreements in order to execute this new joint partnership for its Cinco Minas and Gran Cabrera properties with Kinross.