Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Confluence who wrote (2085)	10/13/1998 9:14:00 AM
From: Famularo	Respond to of 7235

Globe says SouthernEra, New Indigo in merger talks SouthernEra Resources Limited SUF Shares issued 25,695,265 Oct 9 close $7.50 Tue 13 Oct 98 In the News Also New Indigo Resources Inc (NDR) The Globe and Mail reports in its Monday, Oct. 13, 1998 edition that SouthernEra Resources says it's in merger talks with New Indigo Resources. The Globe's Allan Robinson writes the decision to disclose the talks was made because Christopher Jennings, the president of SouthernEra, was seen in France in talks with one of the major shareholders of New Indigo. Unnamed sources say Mr. Jennings and the president of New Indigo, Glenn Laing, have been meeting with all of the major shareholders of New Indigo. New Indigo is a joint venture partner with Lytton Minerals in the 2.4 million Jericho exploration project in the Northwest Territories. But Lytton and New Indigo are both mired in a regulatory mess with Crabbe Huson Group and one of its principals, James Crabbe, for not disclosing to regulators that they had exceeded the 10 per cent ownership threshold in both companies. Other ownership issues are in play as well. The Globe concludes with SouthernEra saying it will be doing its due diligence to study the legal implications of a merger with New Indigo.