DALLAS, Nov. 28, 2012 /PRNewswire/ -- Southridge
Enterprises Inc. (SRGE) ("Southridge" or the "Company") is pleased
to announce today that Southridge Minerals, Inc., its wholly owned
subsidiary, has now engaged new OTCBB up-listing consultants and
investment firm Magna Group Capital Management, LLC. Magna
will coordinate leading professional services and utilize
established industry contacts to substantially reduce the timeline
to complete the up-listing process. Magna has also has
committed up to $5,000,000 in capital
funding for the Company upon completion of the up-listing
process.
Company management felt it was necessary to find a new highly
competent up-listing consultant to expedite its efforts, after
experiencing recent inefficiencies and delays during the up-listing
process. Magna was a perfect fit for the Company's needs
bringing the right combination of capital funding along with a
wealth of experience and contacts from the epicenter of financial
markets in New York City. The Company feels it has now vastly
improved its position to continue rolling-out its strategic plan
with the addition of Magna.
Magna Group is a leading alternative investment and consulting
firm that makes innovative structured investments and provides
financial partnership to its portfolio companies; public and
private, worldwide. Located in downtown New York City, Magna Group is on the
proverbial front line of the rapidly evolving small and lower
middle marketplace and is well-recognized for its flexibility and
speed to market. Magna takes pride in the relationship its
fosters with each portfolio company and the added value it brings
in expertise and strategic introductions in addition to its
invested capital. Magna works to establish relationships founded
upon trust and understanding of expectations and maintain an honest
dialog throughout the life of an engagement.
"The addition of Magna Group to our up-listing and capital team
is a strong statement of our determination to expedite the
up-listing process and advance the growth of Southridge going
forward," stated Michael Davies,
Company President & CEO.
In other Company developments, Southridge received assay results
yesterday from one its portfolio properties located in a
world-class mining region of Mexico. The Company is currently
compiling the assay data for dissemination and the results are
expected to be publicly released within the next several days.
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.
For further information on the Company's Gold and Silver
projects, visit our website: http://www.southridgeminerals.com.
Southridge Investors can access the following Southridge
Minerals social media channels:
YouTube Cinco Minas Mexico Project:
http://youtu.be/R6P8oght4Ik
http://youtu.be/o2LfLaSu8ww
Facebook:
http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466
Twitter: http://twitter.com/SouthridgeSRGE
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.
Southridge Enterprises Inc.
Investor Relations
Tel. (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com
http://www.srge.mobi
SOURCE Southridge Enterprises Inc.