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

To: Rory McLeod who wrote (7045)	2/3/2003 11:48:04 AM
From: kidl	Read Replies (1) \| Respond to of 7235

News - WOW! SouthernEra arranges $69.75-million financing SouthernEra Resources Ltd SUF Shares issued 52,327,193 Jan 31 close $7.85 Mon 3 Feb 2003 News Release Mr. Patrick Evans reports The board of directors of SouthernEra Resources has accepted a bought deal equity proposal to sell nine million common shares at $7.75 (Canadian) per share for gross proceeds of $69.75-million to a syndicate led by Griffiths McBurney & Partners. The syndicate also has the option to acquire an additional three million shares on the same terms and conditions at closing which is expected to occur on or before Feb. 20, 2003. The proceeds of the financing will be used to support debt restructuring, further develop the greater Messina platinum group metal mine, working capital requirements and for general corporate purposes. Completion of the offering is subject to all necessary regulatory and other approvals. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com