TAKEOVER COMING!! PREMIUM WILL BE PAYED!1stockfox your right! I did a little investigating and it looks like
Mwana Africa Plc has offer to buyout
Southernera Diamonds that does business in the same neck of the woods as
Mandorin Goldfields does in
Zimbabwe and South Africa. That's why both
SDM and
MGD had big volume Friday. So it would seem we are next! We will get a real premium for these shares.
I'm buying in today!
SOUTHERNERA DIAMONDS INC
Special Committee of Board to Review Potential Offer
3/16/2007
TORONTO and LONDON, Mar 16, 2007 (Canada NewsWire via COMTEX News Network) --
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
TSX: SDM-T
AIM: SRE-L
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.
%SEDAR: 00004535E
SOURCE: SouthernEra Diamonds Inc.