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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Brian MacDonald who wrote (5646)2/10/2000 12:33:00 AM
From: Gord Bolton  Read Replies (1) of 7235
 
SUF has offered 9.x Rand per share to buy all shares in Messina Ltd. The offer has been accepted by the majority shareholder ((Messina Holdings LTD.)(Impala)(54%)). The offer is extended to all minority shareholders.

newswire.ca

"SouthernEra has entered into an agreement with Messina Holdings Limited,
a wholly owned subsidiary of Impala Platinum Holdings Limited (Implats), to
acquire, at an estimated cost of US$10.5 million, their 54.17% controlling
interest in Messina Limited, a South African company listed on the
Johannesburg Stock Exchange. Messina Limited's assets include its wholly owned
subsidiary, Messina Platinum Mines Limited and approximately R58 million
(US$9.4 million) in cash."
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