Southridge Enterprises Inc (SRGE)

[tob999]

SRGE is not a scam and their PRs have been categorical. The PR discussing the 2 NYSE big boys interested in Cinco Minas is the PR shorty should take special interest in!! We know that the Kinross JV has gone sour..but there is still the buyout of Cinco Minas by the other NYSE listed mininig company on the table!! :0)

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. Southridge would like to give its shareholders an indication of how the funds will be used in the event a full sale is affected for its Cinco Minas Property. The company would like to state that shareholders will definitely participate in a direct, immediate, tangible benefit of such sale (i.e. special cash dividend for 20% of the proceeds from the sale of the Cinco Minas Property or a flat 20 cents per share special one-time dividend). Southridge and its Board of Directors can only state at this time that the amount being discussed is in the range of $550,000,000 and $600,000,000 for its Cinco Minas Property. Due to certain reasons the company cannot fully disclose exact details at this time. However the company felt it was very important to release some details to explain what's in it for shareholders and what the company and its Board of Directors are discussing as this time.

Additionally, a major gold producer with a satellite office located in Guadalajara (Kinross) has contacted Southridge with a joint partnership interest in Cinco Minas and the companies are engaged in serious discussions at this time. Should Southridge feel it's more beneficial for the Company to sign a Joint Partnership with this major Gold producer instead of selling its Cinco Minas Property, then Southridge would look to have its shareholders benefit from this transaction as well. The Company and its board of directors are currently discussing the possibility of a quarterly cash dividend to its shareholders from a certain percentage of earnings made from such Joint Venture. Southridge is in negotiations with this major gold producer to inject an amount of roughly $680,000,000 into this Joint Partnership in order to help the Company aggressively mine Cinco Minas and it's up to $5 billion in Gold and Silver reserves. The size of this project is rather large and that's why the company is in serious discussions with a NYSE major producer because it feels this will allow Southridge to aggressively mine and explore the property at a much faster rate therefore leveraging the price of Gold at today's market value.

http://ih.advfn.com/p.php?pid=nmona&article=55129091