Subsequent Events

6 Months Ended

Jun. 30, 2012

10.	Subsequent Event

The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued. The Management of the Company determined that there were certain reportable subsequent events to be disclosed as follows:

On July 19, 2012, Messrs. Marcus Flis and Ivan Herring were appointed as directors of Company. Each of Messrs Flis and Herring entered into a Director Agreement with the Company. The directors were appointed until the earlier of the next annual shareholders’ meeting, director’s removal or resignation. Each of Messrs. Flis and Herring were awarded a stock grant of 1,000,000 shares of common stock vesting over two years in equal quarterly installments of 125,000 shares.

On July 18, 2012, the Company amended the convertible notes originally issued to Alpha Capital Anstalt and Adventure Ventures LLC on October 12, 2010 to extend the maturity date of the notes to April 12, 2013.

SOUTHERN USA RESOURCES INC. 10-Q