Southern USA Resources, Inc.
(the “Company”) (OTCBB: SUSA), a natural resource exploration and development company, today announced that it is trading as a public company on the Over-The-Counter Bulletin Board (the “OTCBB”) under the symbol “SUSA”.
“Bringing Southern USA Resources onto the public markets, through the trading of our common stock on the OTCBB, offers our Company greater visibility to a broader base of potential investors in the investment community and opportunities to build shareholder value,” commented Charles H. Merchant, Sr., CEO of Southern U.S.A. Resources, Inc. “We look forward to an exciting year ahead as we prepare for commercial production on our properties in the Alabama Gold Belt.”
About Southern USA Resources, Inc.
Headquartered in Ashland, AL, Southern USA Resources, Inc. operates a gold mining operation and exploration group in the “Idaho District” of Northern Clay County Alabama. The Idaho District has numerous sites which have been producing mines and placer sites dating to the late 1800’s. Using modern mining techniques, the Company is revisiting prior producing sites where it plans to excavate to a minimum depth of 80 feet, projecting the life of this project to be in excess of 20+ years.
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This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of Southern USA Resources, Inc. can be found in the filings of Southern USA Resources, Inc. with the U.S. Securities and Exchange Commission.