Southcorp Capital, Inc. (STHC) Provides Shareholder Update and Announces Change of Control
Wilmington, Delaware--(Newsfile Corp. - August 12, 2020) - Publicly-held Southcorp Capital, Inc. (OTC Pink: STHC) announces the completion of a change of control with Mark Bolster in which Mr. Bolster acquired control through a super voting preferred class of shares from Synergy Management and confirmation of STHC's business model shift to the mining industry. As part of the transaction Mark Bolster was also made the sole officer of the company and Benjamin Berry resigned his positions.
"The focus and strategy going forward in the coming months will be to bring the status of the company current with OTC Markets, and to complete a reverse takeover (RTO) with AMECA Mining," stated Mark Bolster, Chief Executive Officer. "We have many exciting announcements to make once we complete the transaction with AMECA."
Southcorp Capital, Inc. has started compiling the initial information to OTC Markets needed to become current. In connection therewith, the company also plans to seek a name and symbol change by application to FINRA in order to better reflect the newly combined company's new business model. Management expects that such milestones will be completed in the coming months.
Benjamin Berry has begun the closeout process with the Delaware courts to discharge as court appointed custodian. "I'm very pleased we were able to put Southcorp Capital, Inc. onto a path of becoming a viable business once more," stated Benjamin Berry, Court Appointed Custodian. "I believe the new management is prepared and ready to deliver for the STHC shareholders."
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Southcorp Capital, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Southcorp Capital, Inc is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability identify a suitable business model for the corporation.
Chief Executive Officer
About AMECA Mining:
Our focus is to create shareholder value while supporting local communities by creating commerce, infrastructural advancement, and downstream technological development of new age materials. We aspire to make a difference by finding transformational projects for regions lacking this dynamic, employing the industry's highest standard ESG, and backing carbon friendly R&D to help the planet become greener. For more information, contact email@example.com.
About Synergy Management Group:
Our management & consulting services focus on our clients' most important obstacles and opportunities. We are specialists' that create SYNERGY between a company, their shareholders and the strategic activities that help growth and development. For more information, contact firstname.lastname@example.org.
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