Statement re Private Placement

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 the

previously announced placement through Canaccord Adams Limited. In terms of

the placement, 31,085,500 common shares were purchased by institutional

investors 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 to

accelerate the Company's alluvial diamond evaluation programs in the

Democratic Republic of Congo.

    The securities sold have not, nor will they be registered under the

United States Securities Act of 1933, as amended, and may not be offered or

sold 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 sale

of securities in the United States.

 

    SouthernEra Diamonds is one of Canada's fully integrated diamond

companies with extensive alluvial and kimberlite diamond exploration in the

DRC as well as other countries including Canada, Gabon, Zimbabwe and South

Africa. The Company also holds 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: PLEASE CONTACT: SouthernEra Diamonds Inc.: Mr.

Alasdair MacPhee, President and CEO, Telephone: [phone], Fax:

[phone], 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)