Southridge Enterprises Inc (SRGE)

[EarnestDD]

Wrong. MSJ/Barnett offered BGL 6.5 million to go away and then did nothing.

BGL has offered MSJ a 6 million fix and then since MSJ did not respond they rescinded the offer.

http://www.banderagold.com/news/news_article.asp?archived=1&id=105
Edmonton, Alberta. Bandera Gold Ltd. (the “Company”) announced today it has signed a non-binding Letter of Intent (the “Letter of Intent”) with Minera San Jorge, S.A. de C.V., a Mexican corporation, and its affiliates (“MSJ”) to settle the existing disputes for the mining properties located in Mexico referred to as the Cinco Minas and Gran Cabrera properties (the “Properties”), whereby the Company will sell its interest in the Properties to MSJ (the “Proposed Transaction”) for a minimum of US $6,500,000 (“Six Million Five Hundred Thousand Dollars” or “$6.5MM”). The Company negotiated the Letter of Intent with MSJ using a third-party facilitator.
jmo