DALLAS, Nov. 23, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (Pink Sheets: SRGE) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has hired new legal representation to meet the Company's expanding legal needs going forward. The new firm is now transitioning to file all of the Company's future disclosures with the OTC Markets and will be the liaison for the Company while facilitating all corporate and legal matters.
Due to the change in legal representation, the Company will be filing its 2012 annual report in the coming week. Southridge will report its fourth quarter and annual results ending August 31, 2012, reflecting record mineral production, revenues and profits as per the Company's new release of September 04, 2012.
In other recent developments, the Company has now distributed funds and completed its dividend payout one day early on November 21, 2012, in lieu of the payout date falling on Thanksgiving Day, for shareholders of record on November 15, 2012. The Company expects to continue its dividend payouts on a quarterly basis.
Additionally, the Company will be releasing some positive news, developments and events concerning one of its mineral properties located in a world-class mining region of Mexico. Southridge anticipates releasing this news on or before November 27th, 2012.
Southridge Minerals currently holds a portfolio of mineral properties located in several world-class mining regions of Mexico. The properties include the past producing and flagship property Cinco Minas, along with the Gran Cabrera, Los Compadres, La Esperanza, La Canita and El Horconcito.
With metal prices forecasted to remain buoyant, properties that offer significant potential for Gold and Silver occurrence, a diverse management team, and a strong cash position, Southridge Minerals is well positioned to develop its opportunities and build shareholder value.
About Southridge Minerals, Inc. (SRGE) Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
Forward-Looking Statements Although the Company believes that the forward-looking statement of beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's published current and periodic reports.
I am sure that 98% of SRGE owners/followers know that you had to own shares at the end of the the date of record (Nov. 15) in order to receive the dividend. I got mine with Etrade!
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