DALLAS, Nov. 1, 2012 /PRNewswire/ -- Southridge
Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company")
is pleased to announce today that Southridge Minerals, Inc., its
wholly owned subsidiary, announces today it recently filed its
financial results with the OTC Markets for the third quarter of
fiscal 2012. The Company reported net income of $311,611 on revenues of $942,314 for the period ending May 31, 2012. The results for the quarter
represented the achievement of a significant milestone for the
Company in its initiation of mineral production at the Cinco Minas
facility in Jalisco,
Mexico.
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 and La Canita.
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.
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
SOURCE Southridge Enterprises Inc.
