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Replies to post #25084 on Southridge Enterprises Inc (SRGE)
09/14/12 10:47 AM
09/14/12 10:48 AM
09/14/12 10:49 AM
September 14, 2012 -- Minera San Jorge S.A. de C.V. (MSJ) announced today the Company has not signed a Letter of Intent (LOI) with Bandera Gold Ltd. MSJ is responding to the September 12, 2012 announcement by Bandera that a non-binding LOI had been signed between the two companies to resolve an ongoing legal dispute and the purchase of Bandera’s interest, by MSJ, in Cinco Minas and Gran Cabrera for $6.5 million U.S.
MSJ would like to clarify that the Company has not signed a LOI with Bandera and has not agreed to purchase Bandera’s interest in the two Mexican gold and silver properties for the proposed $6.5 million (US). MSJ has contacted the Investment Industry Regulatory Organization of Canada, and informed them of the matter. Bandera Gold Ltd. is a Canadian based mineral exploration company that trades on the TSX Venture Exchange under the ticker symbol BGL.
MSJ has no further comment on the matter.
09/14/12 10:59 AM
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