Day: June 28, 2012

Southridge Enterprises Inc. is pleased to announce that Southridge Minerals, Inc., its wholly owned subsidiary, today has executed an agreement with Duvernoi Capital Investments Inc. providing for a $3,500,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 8.8% and a loan repayment term of 32 months from the date of execution of the agreement, by way of cash or through the conversion of shares of Southridge stock. The repayment terms of the financing are amenable to the Company’s property development schedule and to future financings plans to retire the debt.

Victory Resources Corp. is pleased to announce that it has entered into an agreement with GEM Global Yield Fund Limited for a $5.0 million CDN financing commitment. Funds raised through this facility will be used for the ongoing drill program and the subsequent engineering work to bring the Reforma mine to feasibility. Funds will also be used for the development of the Company’s recently optioned Boleo property in Mexico, the Toni property located near Merritt, B.C., as well as general working capital.

Premier Gold Mines Limited and Bridgeport Ventures Inc. are pleased to announce that they have entered into a non-binding letter of intent that sets forth the basic terms of the proposed acquisition by Bridgeport of Premier Gold’s wholly-owned subsidiary, Premier Royalty Corporation.

Prospero Silver Corp. is pleased to announce that shareholders of the Company approved all resolutions brought before them at the Company’s Annual General Meeting held in Richmond, British Columbia on June 27, 2012.