SouthernEra Resources Completes Public Offering

SouthernEra Resources Limited, a platinum group metals producer and diamond exploration company with its principal interests in South Africa, Angola, North America, Australia and Gabon, completed an underwritten public offering of $69.75 million of its common shares on February 20, 2003. The lead underwriter Griffiths McBurney & Partners was assisted by BMO Nesbitt Burns Inc., CIBC Capital Markets Inc., Haywood Securities Inc., Sprott Securities Inc. and Canaccord Capital Corporation.

SouthernEra was represented by in-house counsel Mike Kritzinger, assisted in Canada by Fraser Milner Casgrain LLP with a team that included John Sabine, Michael Melanson, Sander Grieve and David Hanick; Patrick Cronin of Edward Nathan & Friedland in South Africa; and Richard Addlestone of Walkers in the Cayman Islands. In the U.S., SouthernEra was represented by Gil Cornblum of Dorsey & Whitney LLP. The underwriters were represented by Cassels Brock & Blackwell LLP, with a team that included Mark Bennett, Chad Accursi and Andrea FitzGerald.