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TankerOne · 31-01-2012, 20:26

Southridge to Decrease Total Outstanding Shares by Over 18%
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Southridge Enterps (PL) (USOTC:SRGE)
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Today : Tuesday 31 January 2012
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Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced that it will be retiring 150 million shares. This transaction represents a reduction of approximately 18% of the Company's issued and outstanding common shares.

Michael Davies, the Company's President, commented, "By decreasing the total outstanding shares by over 18%, we intend to increase future earnings per share and allow our share price to more accurately represent the quality and profit potential of our assets and operations to the investment community."

As previously announced on November 08, 2011, the acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and corporate legal requirements and subject to market conditions and other factors. Share purchases will be funded by the Company's cash and through debt financing. The repurchase plan will continue as long as periodic management reviews deem it to be fiscally feasible and the plan may be discontinued at any time.

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/...ine...76466)Twitter: (http://twitter.com/SouthridgeSRGE)

About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)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 StatementsAlthough 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.

SOURCE Southridge Minerals, Inc.

31-01-2012, 20:26	#4
TankerOne TBB Starmember Registriert seit: Jun 2010 Beiträge: 496	Southridge to Decrease Total Outstanding Shares by Over 18% Print Alert Sout Southridge to Decrease Total Outstanding Shares by Over 18% Print Alert Southridge Enterps (PL) (USOTC:SRGE) Intraday Stock Chart Today : Tuesday 31 January 2012 Click Here for more Southridge Enterps (PL) Charts. Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced that it will be retiring 150 million shares. This transaction represents a reduction of approximately 18% of the Company's issued and outstanding common shares. Michael Davies, the Company's President, commented, "By decreasing the total outstanding shares by over 18%, we intend to increase future earnings per share and allow our share price to more accurately represent the quality and profit potential of our assets and operations to the investment community." As previously announced on November 08, 2011, the acquisitions of stock under the repurchase plan will be made from time to time as permitted by securities laws and corporate legal requirements and subject to market conditions and other factors. Share purchases will be funded by the Company's cash and through debt financing. The repurchase plan will continue as long as periodic management reviews deem it to be fiscally feasible and the plan may be discontinued at any time. 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/...ine...76466)Twitter: (http://twitter.com/SouthridgeSRGE) About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)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 StatementsAlthough 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. SOURCE Southridge Minerals, Inc.