Month: December 2012

Southridge Issues Clarification of Kinross Agreements

Southridge Enterprises Inc. is would like to clarify that the Company does have signed agreements with KGEM (Kinross Gold Exploration Mexico) regarding Cinco Minas & Gran Cabrera, and that any and all quotes attributed in our December 26, 2012, news release to Mr. Martin Moscosa, Exploration Manager for Kinross Gold, are indeed accurate and documented.

Santacruz Silver Announces Filing of Technical Reports

Santacruz Silver Mining Ltd. announces that it has filed on SEDAR an updated technical report in respect of its San Felipe Project, titled “Update of NI 43-101 Technical Report on Resources, San Felipe Project, Sonora, Mexico”. The updated report provides additional information on data verification and sampling. It is updated as of December 19, 2012, and has an effective date of April 5, 2012. The resources remain unchanged from the original report which was announced on July 16, 2012.

Quaterra Closes Non Brokered Private Placement

Quaterra Resources Inc. today announced that its previously announced private placement was increased and has closed with the issuance of 6,541,571 units for gross proceeds of US$2,289,550.

Gold Resource Corporation Declares December Monthly Dividend

Gold Resource Corporation declares its instituted monthly dividend of $0.06 per common share for December 2012 payable on January 23, 2013 to shareholders of record as of January 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.

BOWMORE Closes $425,000 Non-Brokered Flow-Through Private Placement

Bowmore Exploration Ltd. has closed a 425,000 non-brokered flow-through private placement with Canadian investors consisting of 1,416,666 units at a price of 0.30 per Unit. Each Unitis comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share of Bowmore at aprice of 0.40 each until June 28, 2014.

South American Silver Acquires Interest in High Desert Gold Corporation

South American Silver Corp. is pleased to announce that today it acquired ownership of 15,580,000 common shares of the High Desert Gold Corporation, a company listed on the TSX Venture Exchange. As a result of the purchase, South American Silver Corp. now owns 15,580,000 Common Shares of the Issuer representing approximately 19.9% of the total issued and outstanding Common Shares of the Issuer, based on there being 78,285,233 Common Shares of the Issuer outstanding as of December 28, 2012. Information regarding current issued and outstanding Common Shares of the Issuer is based on information in the Issuer’s news release of December 28, 2012.

SEC Suspends Southridge Trading After Kinross Statement

Trading in Southridge Enterprises Inc. (SRGE) was halted by the U.S. Securities Exchange Commission two days after the mining company said it was forming a partnership with Canada’s Kinross Gold Corp. (K) in Mexico.

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