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.
