Southern Gold Resources Ltd

June 25, 2013 19:23 ET

Southern Gold Acquires Additional Shares in RSI International Systems Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 25, 2013) - Southern Gold Resources Ltd. ("Southern Gold") announces that it has acquired beneficial ownership of an additional 618,500 common shares of RSI International Systems Inc. (TSX VENTURE:RSY) ("RSI") through the facilities of the TSX Venture Exchange at an average price of $0.09 per share. The shares were acquired by Southern Gold for investment purposes only. Southern Gold may acquire additional securities of RSI in the future.

Southern Gold now beneficially owns an aggregate of 1,982,500 common shares, representing approximately 13.17% 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.

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

  • Alan C. Savage
    604.687.2471
    Suite 380 - 580 Hornby Street
    Vancouver, BC V6C 3B6