Brokered Private Placement

SouthernEra Diamonds Announces Brokered Private Placement Led By

    Canaccord Capital Corporation

 

    Shares Issued and Outstanding: 85,380,418

    TSX: SDM

    AIM: SRE

 

    TORONTO, Nov. 9 /CNW/ - SouthernEra Diamonds Inc. has agreed to a

brokered private placement led by Canaccord Capital Corporation for the sale,

on a best efforts basis, of up to 5,882,353 flow-through common shares at a

price of $0.85 for gross proceeds of up to $5.0 million.

    The proceeds of the placement will be spent on the exploration and

development of the Company's Canadian resource properties.

    The placement is subject to regulatory acceptance.

 

    The Toronto Stock Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.

 

    This news release does not constitute an offer to sell or a solicitation

of an offer to sell any of the securities in the United States. The securities

have not been and will not be registered under the United States Securities

Act of 1933, as amended (the "U.S. Securities Act") or any state securities

laws and may not be offered or sold within the United States.

 

    Some statements contained in this news release are forward-looking and,

therefore, involve uncertainties or risks that could cause actual results to

differ materially. Such forward-looking statements include comments regarding

exploration work. Actual results could differ materially from those

anticipated. The Company disclaims any obligation to update forward-looking

statements.

   

    For further information: please contact: SouthernEra Diamonds Inc.,

Patrick C. Evans, President & CEO, Telephone: [phone],

Fax: [phone], e-mail: inbox(at)southernera.com

    (SRE)