Southern Gold Resources Ltd.

August 25, 2009 19:35 ET

Southern Gold Acquires Additional Shares in Epicore BioNetworks

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2009) - Southern Gold Resources Ltd. ("Southern Gold") today announced that it has acquired beneficial ownership of an additional 784,000 common shares of Epicore BioNetworks Inc. (TSX VENTURE:EBN) ("Epicore"), of which 207,000 common shares were acquired in the public market for consideration in the aggregate of $20,175, and 577,000 common shares were acquired pursuant to a private share acquisition agreement at $0.08 per share for consideration in the aggregate of $46,160.

This acquisition of Epicore shares increases Southern Gold's beneficial ownership, direction or control to an aggregate of 3,222,000 common shares, representing approximately 13.7% of the outstanding Epicore voting shares. The shares were acquired by Southern Gold for investment purposes only. Southern Gold may acquire ownership of, or control or direction over additional securities of Epicore in the future, but has no present intention to do so.

Southern Gold was incorporated in British Columbia in 1981 and derives income from oil and gas production in Saskatchewan through its wholly-owned subsidiary, Loop Royalty Investments, and manages an active securities portfolio from its Vancouver offices. Southern Gold's investments are generally for the longer term, subject to change based on the performance of the management of the companies in which it has invested.

A copy of the early warning report in respect to this acquisition has been filed with the applicable securities commissions and can be found at www.sedar.com.

Contact Information

  • Southern Gold Resources Ltd.
    Alan C. Savage
    604-687-2471