DALLAS, Dec. 18, 2012 /PRNewswire/ -- Southridge
Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company")
is pleased to announce today that Southridge Minerals, Inc., its
wholly owned subsidiary, today announced a cash dividend of
$0.0002 per common share, payable on
December 28, 2012 to shareholders of
record at the close of business December 21,
2012. The dividend represents a payout of approximately 8%
of the recently reported fourth quarter net income.
"We just posted our 4th Quarter Earnings, and felt that it was
important for the company to reward shareholders in a timely
fashion," said Michael Davies,
President and CEO of Southridge Enterprises Inc. "The past year has
been monumental for the Company, and getting our dividend
distributed before the end of the year is a statement. We are very
proud of all that has been accomplished over the past 12 months,
and more importantly look forward to continuing our efforts build
upon the foundation that was established in 2012."
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.