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

To: russwinter who wrote (6640)	6/10/2001 3:37:38 PM
From: Gord Bolton	Respond to of 7235

southernera.com "Share Issues In January, US $1 million in Exchangeable Capital Units were converted at the strike price of $2.07 per common share, for a total of 730,483 shares. This reduces the total outstanding Units to US $3.0 million, with a maturity date of March 1, 2003. In March, the Company accepted a bought-deal financing proposal that resulted in the issue of 3.5 million special warrants at $2.75 per unit on April 11. Each unit comprises one common share and one common share purchase warrant exercisable at $3.00 for one year and at $3.50 for six months thereafter. Brokers’ warrants for 210,000 units were issued as well. Gross proceeds were $9.6 million. On May 25 and 28, 2001, the Company received early conversion notices for US$2 million of exchangeable capital units, with a carrying value of $2.7 million, convertible into 1,493,624 common shares. The conversion date will be May 31, 2001 and will increase the Company’s issued and outstanding common shares to 31,160,489."