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TORONTO and LONDON, March 16 /CNW/ - SouthernEra Diamonds Inc.
("SouthernEra") (TSX: SDM-T; AIM: SRE-L) has been provided with a press
release made today by Mwana Africa Plc (AIM: MWA-L) announcing their intention
to make an offer to acquire all of the shares of SouthernEra in exchange for
shares of Mwana Africa Plc. The board of directors of SouthernEra has directed
the special committee of the board to lead the review of this proposal and
strategic alternatives open to SouthernEra.
SouthernEra Diamonds is Canada's largest fully integrated diamond company
with extensive diamond exploration in six countries including Canada,
Australia, Gabon, the DRC, Zimbabwe and South Africa. This represents the
fourth most active global diamond exploration program after the majors
DeBeers, BHPB and Rio Tinto. 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:
For further information: SouthernEra Diamonds Inc., Mr. Chris Reynolds,
SVP and CFO, Telephone: (416) 359-9282, Fax: (416) 359-9141, E-mail: