Sino-Sud Resources Recent Property Acquisitions Reassessed
An extensive reassessment of one of Sino-Sud's most recent acquisitions has resulted in a significant reduction of expected total yield for the property.
Online, March 19, 2014 (Newswire.com) - Preliminary findings were very positive, but were not substantiated by more in depth geologic surveying methods. The South American site in question no longer appears to be economically feasible to warrant further development.
This setback is a contributing factor to the delay of the company's IPO, which was to fund company expansion. New acquisitions continue to be identified and tested. Sino-Sud will release more details on potential new acquisitions and the status of the IPO as they become available.
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