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: VAUGHN who wrote (2087)	10/13/1998 12:13:00 PM
From: Famularo	Respond to of 7235

Acquisition of Randgold interest in Marsfontein JV completed SouthernEra Resources Limited SUF Shares issued 25,695,265 Oct 9 close $7.50 Tue 13 Oct 98 News Release Mr. Christopher Jennings reports SouthernEra Resources has completed the acquisition of the interest held by Randgold & Exploration Company Limited in the Farm Marsfontein 91 KS in South Africa. The company now owns a 40 per cent interest in the joint venture, (60 per cent DeBeers Consolidated Mines Limited), which commenced mining the M-1 kimberlite pipe on the property on Aug. 31, 1998. The total purchase price was R61,250,000, or approximately $16.3-million. Financing assistance of R26,800,000 was provided under a credit facility granted by Rand Merchant Bank Limited of Johannesburg, South Africa.