Fidelity Purchases Shares of Southernera Resources Ltd.
BOSTON, May 16 /CNW/ -- Fidelity Management & Research Company and
Fidelity Management Trust Company, of 82 Devonshire Street, Boston,
Massachusetts, USA, as well as Fidelity International Limited of 42 Crow Lane,
Pembroke, Bermuda (hereinafter referred to as "Fidelity") announce that
certain funds and trust accounts for which Fidelity serves as investment
adviser have purchased 652,500 shares (or 1.46%) of Southernera Resources
Ltd.'s common stock. Fidelity has control but not ownership of those shares.
As a result of the purchase, Fidelity holds 4,541,300 shares (or 10.18%) of
Southernera Resources Ltd.'s common stock. Fidelity's purchase of Southernera
Resources Ltd.'s common stock was executed on the Toronto Stock Exchange.
Fidelity fund and trust account sales and purchases have been made for
investment purposes only and not with the purpose of influencing the control
or direction of Southernera Resources Ltd. The Fidelity funds and trust
accounts may, subject to market conditions, make additional investments in or
dispositions of securities of Southernera Resources Ltd., including additional
sales or purchases of shares of common stock. Fidelity does not, however,
intend to acquire 20% of any class of the outstanding voting or equity
securities of Southernera Resources Ltd. |
