NEW YORK, NY--(Marketwire - Nov 14, 2012) - WallStreetInvestorNews.com "Active Stocks to Watch for 11/14/12": Southridge Enterprises Inc. (PINKSHEETS: SRGE), First Corporation (OTCQB: FSTC), Facebook Inc. (NASDAQ: FB), Tenguy World International, Inc. (PINKSHEETS: TGWI)
Get the inside track and the latest Hot Tips with our Premium News Alerts that are FREE for a limited time http://www.wallstreetinvestornews.com or subscribe to our YouTube Channel (http://www.youtube.com/user/wallstreetinvestorne)
Wednesday morning, after the market opened for trading, Southridge Enterprises Inc. (PINKSHEETS: SRGE) announced that the company is Evaluating Strategic Alternatives For Cinco Minas Property And Reports Advanced Discussions With Major NYSE Listed Metal Producers company had acquired La Canita Gold Mine in Durango, Mexico.
SRGE announced today that its board of directors has authorized the evaluation of strategic alternatives for its Cinco Minas property located in Jalisco Mexico, including the exploration of a joint venture, complete sale or other transaction. Cinco Minas, the Company's flag-ship mineral property, has a world-class confirmed gold and silver resource of 235,000 oz. gold and 23.3 million oz. silver with 80% of the known vein system yet to be tested. Today's market value of the confirmed resource at Cinco Minas is well over $1 Billion USD, prior to the completion of further planned exploration to expand the resource.
"Southridge is implementing a plan to fundamentally position itself for further growth in an emerging gold and silver market. By forming ventures on individual projects, the Company expects to grow and maintain an interest in gold and silver mines operated by its partners allowing it to continue to build value through continued exploration. We believe that the exploration of alternatives for the Cinco Minas property will help the company accomplish its strategic goals with additional profitable growth and enhanced shareholder value," expressed Southridge President and CEO, Michael Davies.
The Company and its advisers are currently evaluating alternatives and are in advanced discussions with two major NYSE listed metal producers regarding their Jalisco mineral concessions and properties. One of the firms has already signed preliminary documents for the full acquisition of the Cinco Minas property.
Additionally, a major gold producer with a satellite office located in Guadalajara has contacted Southridge with a joint partnership interest in Cinco Minas and the companies are engaged in serious discussions at this time. Southridge expects that the process could be completed within approximately 4 weeks.
Read the Entire Press Release on YahooFINANCE.com - http://finance.yahoo.com/news/southridge-evaluates-strategic-alternatives-cinco-142800317.html
Southridge Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Mexico Project:
Get the inside track and the latest hot tips with our Premium News Alerts that are Free for a limited time;
First Corporation (OTCQB: FSTC) announces Gecko Landmarks Ltd. is in advanced negotiations with African mobile telecom operators. Gecko plans to launch Gecko's Family and Friend Finder for over 100 million consumer subscribers. A "must have" service, Family and Friend Finder will provide safety, peace of mind, and convenience. Users can send SMS text messages to find the location of any phone, as well as activate alarms to inform family members if they find themselves in dangerous situations.
Facebook Inc. (NASDAQ: FB) jumped 10 percent in early trading on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company's disappointing debut in May. "While the lock-up is expiring, there is nothing requiring anybody to sell," said Tim Ghriskey, chief investment officer at Solaris Group in Bedford Hills, New York. "Given the low price, these long-term holders are deciding to hold the stock and that is lifting it here as the fear of the expiration subsides."
Tenguy World International, Inc. (PINKSHEETS: TGWI) today announced that its Board of Directors has approved a stock repurchase program authorizing the Company to repurchase outstanding common stock. The Board's action was made after careful review of the current stock price and their belief that the stock is undervalued. Under the program authorized by its Board of Directors, Tenguy may repurchase shares publically or through privately negotiated transactions.
Disclaimer: Wall Street Investor Communications Inc. (WSICI), also doing business as Wall Street Investor News, disseminates electronic information to subscribers through its network of affiliated companies and/or partners. WSICI is not a registered broker/dealer. WSICI is an advertising and marketing company, and as such may not sell, offer to sell or offer to buy any security. WSICI profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release may or may not have approved the statements made in this release and may or may not have approved the timing of this release. All statements and expressions are the sole opinion of WSICI and are subject to change without notice. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information, information supplied by third parties or WSICI's own research. The accuracy or completeness of the information is not warranted and is only as reliable as the source from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. WSICI disclaims and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSICI is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSICI profiled stocks.
This profile is not without bias, and is a paid release. To comply with Section 17(b) of the Securities Act of 1933, WSICI is disclosing that the company has been compensated for dissemination of this information on behalf of one or more of the companies mentioned in this release. For current services performed for Southridge Enterprises Inc. (PINKSHEETS: SRGE), WSICI has been compensated Fifty Thousand Dollars ($50,000.00), by third party Cameroon Marketing Advisors Inc., who is a non-affiliated and may hold a significant position in the stock.
FNM Disclosure: FN Media Group, LLC (FNMG) is a news dissemination & third party publishing service provider and is not affiliated or associated with any company or entity mentioned or listed herein. If you're a company interested in having FN Media Group assist you with creating a greater awareness for your next news release utilizing our multi-media and leading edge outreach solutions, please visit our site at http://www.financialnewsmedia.com. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as a recommendation or research material, nor an offer or solicitation to buy or sell securities. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made herein. For disseminating this release, FNMG was compensated one thousand dollars for distribution of this release.