Southern Gold Resources Ltd.



November 19, 2012 17:44 ET

Southern Gold Acquires Additional Shares in RSI International Systems Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2012) - Southern Gold Resources Ltd. ("Southern Gold") today announced that it has acquired beneficial ownership of an additional 50,000 common shares of RSI International Systems Inc. ("RSI") in the public market. The obligation to file a news release was triggered by the acquisition by Southern Gold today of 50,000 common shares of RSI at a price of $0.11 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 RSI in the future.

Southern Gold now has beneficial ownership, direction or control over an aggregate of 1,365,000 common shares, representing approximately 8.7% of the outstanding voting shares of RSI. 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 225,000 common shares of RSI. Southern Gold and Mr. Savage, taken together, have ownership and control over an aggregate of 1,590,000 common shares, representing approximately 10.14% of the outstanding voting shares of RSI.

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