Southridge Enterprises Inc. (PINK:SRGE) Challenges Penny Stock Runners

Las Vegas, NV -- (SBWIRE) -- 01/04/2013 -- Southridge Enterprises Inc. (PINK:SRGE) was recently suspended by the SEC. This was primarily due to questions related to accuracy of statements that were made by the Company in press releases. This included sharing information with the shareholders about business operations and a joint partnership apart from getting the funding for changing the listing of stock. Currently, the stock is being traded over-the-counter and is being quoted on the OTC Link.

Southridge Enterprises Inc. announced its new, joint partner, Kinross in December 2012. Kinross KGC is a listed mining company. Its portfolio includes properties like the Cinco Minas and Gran Cabrera. Kinross is among the prominent gold mining companies, valued between $550,000,000 and $600,000,000. Southridge is currently working with Kinross for finalization of documentation that is expected to be announced by mid-January 2013.

The US-based Southridge Minerals, Inc. is a mineral exploration company. It is focused on acquiring and developing mineral resources across politically stable and geologically feasible locations across the world. The Company pursues opportunities that would appeal to mid-sized and the major producers. By entering joint partnerships and via alliances for specific projects, the Company seeks to build value via continued exploration. Currently, the Company is more focused on projects across Mexico.

To find out what OTCMAGIC projects for SRGE, both short term and long term, please go here: SRGE.

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