Director Shareholding

SouthernEra Resources Limited Director Trading Notification

 

    Shares Issued and Outstanding:  74,166,193

    TSX: SUF

    AIM: SRE

 

    TORONTO, Nov. 27 /CNW/ - On November 27, 2003, as part of private

placement of SouthernEra Resources Limited's common shares, Dr. Christopher

M.H. Jennings and Messrs. Thomas C. Dawson and Philip S. Martin, all directors

of SouthernEra Resources Limited, subscribed, for 16,300, 12,000 and 9,000

common shares respectively, of a total of 330,000 common shares placed. The

subscription price was Canadian $7.50 and represented a 35% premium to the

closing price on November 26, 2003. The issued shares are subject to a four-

month hold period. The proceeds will be expended on Canadian exploration

programs.

 

    Further to these transactions, the directors now have the following

interest in the Company's common shares:

 

    Director                     Total number of        Percentage of issued

                                     shares held               share capital

 

    Dr. CMH Jennings                   1,216,501                       1.60%

    Mr. TC Dawson                         42,000                       0.06%

    Mr. PS Martin                         98,300                       0.13%

 

    SouthernEra Resources is an independent producer of platinum group metals

(PGMs) and diamonds. The Company also has an extensive PGM, gold and diamond

exploration program. The common shares are listed on the Toronto Stock

Exchange and the London Stock Exchange's AIM.

 

    For further information: SouthernEra Resources Limited, Dr. Sally Eyre,

Vice President Corporate Affairs, Telephone: [phone],

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

    (SUF. SRE)

 

 


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