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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: VAUGHN who wrote (6130)8/14/2000 8:30:51 PM
From: Goalie  Read Replies (1) of 7235
 
Hello Vaughn, Peter, et all... FYI from another thread:

_________________
(dickheadly wrote)

I dropped a line to SUF regarding the shareholder protection plan and recieved this response from CJ.

----- Original Message -----
To: inbox@southernera.com
Sent: Friday, August 11, 2000 12:05 PM
Subject: Shareholder protection plan

I understand that a few years back the Board of directors approved a shareholder protection plan designed to help stave off hostile takeover bids. With the recent rumors circulating on the Bulletin boards about a takeover of Southen Era could you clarify for me how the protection plan would work?

From: SouthernEra
Sent: Monday, August 14, 2000 1:27 PM
Subject: Re: Shareholder protection plan

Rumours circulating are due to a misunderstanding of a press interview I had with CBC radio in Yellowknife where I stated that SUF had been approached by Winspear on their wishing to earn in to our Back Lake property where it is almost certain that the Winspear orebody at Snap Lake (soon to be taken over by De Beers) comes on to our property at depth.

Yes, we do have a shareholder rights protection plan. All this does is give us more time to stave off a takeover.

Our greatest strength in a takeover bid is that the majority of large shareholders will only vote for a takeover if it is in the interests of all shareholders.

Best regards,
Chris Jennings
________________

Regards. Goalie.
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