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SouthernEra settles C$2.5 million private placement of shares
By Laura Lutz
Des Moines, April 19 - SouthernEra Diamonds Inc. closed a private placement of shares for about C$2.5 million.
The company sold 6.999 million shares to institutional and private investors. The price per share was not announced.
The placement was non-brokered.
Proceeds will be used for drilling and work on the company's projects and for working capital.
SouthernEra is a Toronto-based resource company.
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