RAPAPORT... Exploration company, SouthernEra Diamonds, which is the subject of a takeover bid by MwanaAfrica, announced that three more senior managers have resigned from the company.
These add to the two board members and its chief financial officer, who resigned earlier in October. The company did not give reasons for the resignations.
Non-executive chairman Christopher Jennings and non-executive director Paul Brink will be replaced by David Fish, Kalaa Mpinga and Robert Shirriff, the Canada-based company stated.
In addition, Howard Bird, senior vice president of global exploration, has resigned after 14 years at the company. Jennings had served in his position since 1992.
MwanaAfrica has gradually raised its stake in SouthernEra to 71 percent currently. SouthernEra has exploration projects in Canada, Botswana, South Africa, and the Democratic Republic of the Congo.
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