13th Apr 2006 16:36
SouthernEra Diamonds Closes Private Placement Through Canaccord Adams Limited Shares Issued and Outstanding: 159,428,601 TSX: SDM AIM: SRE TORONTO and LONDON, April 13 /CNW/ - SouthernEra Diamonds Inc. (the"Company") (TSX: SDM, AIM: SRE) announced today that it has closed thepreviously announced placement through Canaccord Adams Limited. In terms ofthe placement, 31,085,500 common shares were purchased by institutionalinvestors in the UK and Europe. The shares were placed at a price of C$0.43(21.2p) each, for gross proceeds of approximately C$13.4 million. The proceeds from the private placing will be used primarily toaccelerate the Company's alluvial diamond evaluation programs in theDemocratic Republic of Congo. The securities sold have not, nor will they be registered under theUnited States Securities Act of 1933, as amended, and may not be offered orsold within the United States or to, or for the account or benefit of U.S.persons absent U.S. registration or an applicable exemption from U.S.registration requirements. This release does not constitute an offer for saleof securities in the United States. SouthernEra Diamonds is one of Canada's fully integrated diamondcompanies with extensive alluvial and kimberlite diamond exploration in theDRC as well as other countries including Canada, Gabon, Zimbabwe and SouthAfrica. The Company also holds the Klipspringer Diamond Mine in South Africaand maintains an 18 percent free-carried interest in the Camafuca DiamondProject in Angola. For further information: PLEASE CONTACT: SouthernEra Diamonds Inc.: Mr.Alasdair MacPhee, President and CEO, Telephone: (416) 359-9282, Fax:(416) 359-9141, E-mail: inbox(at)southernera.com, www.southernera.com; London:4C-Burvale, Carina Corbett, Director, Telephone: ++44 (0) 207-907-4761, Fax:++44 (0) 207-907-4769, Email: Corbett(at)4c-burvale.co.uk (SDM. SRE) ENDSOUTHERNERA DIAMONDS INCRelated Shares:
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