Southridge Enterprises Inc (SRGE)

[tob999]

Wrong again. The JV was to be worth $680M!!! Sheeesh.

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. 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.