SouthernEra Announces Support for Messina Debt Restructuring
Shares Issued and Outstanding: 61,593,793
TSX: SUF
AIM: SRE
TORONTO, March 12 /CNW/ - The Board of SouthernEra Resources Limited is
pleased to announce that it has resolved to support its 70.9 percent-owned
subsidiary Messina Limited in its endeavours to restructure its balance sheet
with a view to the reduction of Messina's debt.
SouthernEra will support and underwrite a Messina rights offer. This
support is subject to agreement with Messina on the terms of a rights offer as
well as the associated regulatory process in South Africa.
SouthernEra Resources is an independent producer of platinum group metals
(PGM's) and diamonds. The company also has an extensive PGM and diamond
exploration program. The common shares are listed on the Toronto Stock
Exchange and the London Stock Exchange AIM.
For further information: Please contact - SouthernEra Resources Limited,
Patrick C. Evans, President and CEO; or Dr. Sally Eyre, Vice President,
Corporate Affairs, Telephone: (416) 359-9282, Fax: (416) 359-9141,
E-mail: inbox(at)southernera.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.