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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: russet who wrote (6867)5/8/2002 4:53:35 PM
From: russet  Read Replies (2) of 7235
 
SouthernEra Plans AIM Listing

TORONTO, May 8 /CNW/ - The Board of SouthernEra Resources Limited.
announced today that the Company plans to proceed with a secondary listing of
its common shares on the London Stock Exchange's Alternative Investment Market
(AIM). Nabarro Wells & Co. Limited has been retained by the Company as its
nominated advisor and Brewin Dolphin Securities Limited as its UK broker and
financial adviser in listing SouthernEra on AIM. It is expected that admission
to AIM will take place during mid-2002.
"The AIM listing will enable a wider number of UK-based funds to invest
in our Company," said Patrick Evans, SouthernEra President and CEO. "With this
new listing SouthernEra will also be able to expand its growing international
profile by providing European investors the ability to trade in the Company's
stock during their trading day," said Mr. Evans.
SouthernEra Resources Limited is an independent producer of platinum
group metals and diamonds. The Company also has an extensive PGM and diamond
exploration program. The common shares of SouthernEra are traded under the
symbol SUF on the Toronto Stock Exchange.
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