Hello Goalie
***NEWS RELEASE***
SOUTHERNERA RESOURCES LIMITED
TORONTO, April 23 /CNW/ - SouthernEra Resources Limited (SUF-TSE) has
been informed through an article in The Financial Post today that South
African Minister of Minerals & Energy, Penuell Maduna has stated that Section
17 of the Minerals Act, South Africa is applicable in the Marsfontein case and
that the state will defend the matter against 29 heirs who succeeded last
month in registering mineral rights to the disputed property.
The Minister is quoted as saying ''the mineral rights are currently held
in undivided shares by certain four persons who have already died some 30
years ago without any heirs/beneficiaries who became entitled thereto taking
cession thereof'' and that the heirs did not register the mineral rights
within the time required by law.
The economic consul in South Africa's Toronto consulate was also quoted
as saying that the decision is part of a larger government policy to open up
the system to smaller companies and new entrants.
The Company is currently attempting to confirm the comments but is very
encouraged by the Minister's statement as reported in the press.
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For further information: Christopher M.H. Jennings, President,
A. Lee Barker, Vice President, Frank van de Water, Chief Financial Officer,
Kim Freeman, Chief Mining Engineer, Nicholas Sayce, Investor Relations,
Phone: (416) 359-9282, Fax: (416) 359-9141, e-mail: inbox@southernera.com,
southernera.com |
