SouthernEra Annual Meeting Postponed



    TSX: SDM
    Shares issued and outstanding: 173,483,896

    TORONTO, June 21 /CNW/ - SouthernEra Diamonds Inc. ("SouthernEra") (TSX:
SDM) today announced its board of directors has determined to postpone its
annual general meeting, scheduled for later today, in light of the pending
offer for all of the SouthernEra shares (announced on March 16, 2007) by Mwana
Africa Plc ("Mwana") (AIM: MWA-L) and the continued work of the board of
SouthernEra to explore strategic alternatives open to the Company. The
SouthernEra board proposes to hold the shareholders meeting not later than
September 21, 2007, or such other time as it may determine is appropriate in
order for the shareholders to consider any transaction which may require a
meeting to be held.

    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 Botswana ,South Africa and Canada.
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:

For further information: SouthernEra Diamonds Inc., Mr. Alasdair
MacPhee, CEO or Mr. Chris Reynolds, SVP, CFO and Secretary, Telephone: (416)
359-9282, Fax: (416) 359-9141, E-mail: inbox@southernera.com,
www.southernera.com; London: 4C-Burvale, Carina Corbett, Director, Telephone:
+44 (0) 20 7559 6710, Fax: +44 (0) 20 7559 6501, Email:
Corbett@4c-burvale.co.uk

Organization Profile

SOUTHERNERA DIAMONDS INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890