5th May 2005 16:29
SouthernEra Diamonds Inc. - Directors Shareholding Shares Issued and Outstanding: 102,066,601 TSX: SDM AIM: SRE TORONTO, May 5 /CNW/ - SouthernEra Diamonds Inc. (TSX: SDM & AIM: SRE)announced on April 29, 2005 the closing of a non-brokered private placementsubscribed for on April 11, 2005 to among others, the Company's directors andofficers. As mentioned, the financing included 1,500,000 units, each unitcomprising of one common share and one half common share purchase warrant ofthe Company at a price of C$0.46 per unit. The six members of the Board of Directors that participated in theplacement are detailed in the following table: Number of Interest in Number of Common Shares Current Common Shares Held Following Shares Director Purchased the Placement Outstanding Christopher M.H. Jennings 480,000 2,196,501 2.2% Patrick C. Evans 100,000 318,400 0.3% Thomas C. Dawson 196,655 396,000 0.4% Louis J. Fox 200,000 540,000 0.5% Phil S. Martin 240,000 488,414 0.5% Trevor Schultz 100,000 400,000 0.4% SouthernEra Diamonds is one of Canada's largest fully integrated diamondcompanies with extensive diamond exploration in five countries, includingCanada, Australia, Gabon, the Democratic Republic of the Congo and SouthAfrica. This represents one of the most active global diamond explorationprograms. The Company also operates the Klipspringer Diamond Mine in SouthAfrica and maintains an 18 percent free-carried interest in the CamafucaDiamond Project in Angola. For further information: SouthernEra Diamonds Inc. - Mr. Chris Reynolds,Senior Vice President and CFO, or Ms. Sharon Allan, Investor Relations,Telephone: (416) 359-9282, Fax: (416) 359-9141, E-mail:inbox(at)southernera.com, www.southernera.com (SRE) ENDSOUTHERNERA DIAMONDS INCRelated Shares:
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