Southern Gold Resources Ltd.

October 19, 2012 18:47 ET

Southern Gold Acquires Additional Shares in Epicore BioNetworks Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2012) - Southern Gold Resources Ltd. ("Southern Gold") today announced that it has acquired beneficial ownership of an additional 532,500 common shares of Epicore BioNetworks Inc. (TSX VENTURE:EBN) ("Epicore") in the public market. The obligation to file a news release was triggered by the acquisition by Southern Gold today of 70,000 common shares of Epicore at a price of $0.165 per share through the facilities of the TSX Venture Exchange. 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.

Southern Gold now has beneficial ownership, direction or control over an aggregate of 3,754,500 common shares, representing approximately 15.36% of the outstanding voting shares of Epicore. Southern Gold is a closely-held British Columbia company, the outstanding shares of which are owned and controlled, directly and indirectly, as to 98.9% by Alan C. Savage, who personally holds 15,000 common shares of Epicore. Southern Gold and Mr. Savage, taken together, have ownership and control over an aggregate of 3,769,500 common shares, representing approximately 15.43% of the outstanding voting shares of Epicore.

A copy of the early warning report in respect of 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
    Suite 350 - 580 Hornby Street
    Vancouver, BC V6C3B6