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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?


To: Confluence who wrote (4202)7/27/1999 10:27:00 PM
From: gemsearcher  Read Replies (1) | Respond to of 7235
 
Hello Confluence.

Very interesting.

Is the exercise price fixed in $U.S. as well? Will the warrants trade on an exchange ? Is there a URL that you could direct us to ?

Regards.



To: Confluence who wrote (4202)7/28/1999 9:51:00 AM
From: DavidA  Respond to of 7235
 
SouthernEra Resources Limited - News Release

SouthernEra commences feasibility study on
Messina platinum mine

SouthernEra Resources Limited
SUF
Shares issued 26,881,395
1999-07-27 close $4.05
Wednesday Jul 28 1999
Mr. Christopher Jennings reports
SouthernEra Resources Ltd. has made further progress towards the acquisition of 54 per cent of Messina Ltd., previously announced in Stockwatch, April 15, 1999.

In terms of the agreement with Messina Holdings Ltd., a wholly owned subsidiary of Impala Platinum Holdings Ltd., a number of the conditions precedent have been fulfilled or waived, which has allowed the bankable feasibility study to commence.
However, the time taken to satisfy these conditions precedent has resulted in a delay in the anticipated execution of the purchase. It is estimated that the last of the remaining conditions precedent will be fulfilled by the end of November, 1999, coinciding with the completion of the bankable feasibility study.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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