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

To: gemsearcher who wrote (6309)	10/17/2000 12:36:21 AM
From: VAUGHN	Read Replies (1) \| Respond to of 7235

Hello Gemsearcher This on the wire today: SouthernEra Announces Conversion of US $1 Million Debt to Common Shares TORONTO, Oct. 16 /CNW/ - SouthernEra Resources Limited today announced that US $1 million of the US $5 million in Exchangeable Capital Units issued on March 1, 2000 to finance part of the acquisition of 70.4% of Messina Limited had been converted by the holder to common shares. A total of 728,696 common shares were issued at the strike price of Cdn. $2.07 per share. The Messina Platinum Mine project in South Africa is currently developing both the 150 meter and 200 meter levels underground to remove bulk samples of the Merensky and UG2 reefs to confirm previous metallurgical testing. Negotiations are proceeding with regard to the financing of the project. SouthernEra Resources Limited is a diamond mining and exploration company and an emerging platinum group metals producer. The common shares of SouthernEra are traded under the symbol SUF on the Toronto Stock Exchange. Regards