Director Shareholding

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 placement

subscribed for on April 11, 2005 to among others, the Company's directors and

officers. As mentioned, the financing included 1,500,000 units, each unit

comprising of one common share and one half common share purchase warrant of

the Company at a price of C$0.46 per unit.

    The six members of the Board of Directors that participated in the

placement 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 diamond

companies with extensive diamond exploration in five countries, including

Canada, Australia, Gabon, the Democratic Republic of the Congo and South

Africa. This represents one of the most active global diamond exploration

programs. The Company also operates the Klipspringer Diamond Mine in South

Africa and maintains an 18 percent free-carried interest in the Camafuca

Diamond Project in Angola.

   

 

   

    For further information: SouthernEra Diamonds Inc. - Mr. Chris Reynolds,

Senior Vice President and CFO, or Ms. Sharon Allan, Investor Relations,

Telephone: [phone], Fax: [phone], E-mail:

inbox(at)southernera.com, www.southernera.com

    (SRE)