REG - Southern Energy Corp - BLOCK ADMISSION SIX MONTHLY RETURN

Southern EnergyAnnouncement

01/02/2023 07:00

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RNS Number : 4933O  Southern Energy Corp.  01 February 2023

 

SOUTHERN ENERGY CORP.

BLOCK ADMISSION SIX MONTHLY RETURN

Calgary, Alberta - February 1, 2023 - Southern Energy Corp. ("Southern" or the
"Company") (TSXV:SOU) (AIM:SOUC) (OTCQX:SOUTF) announces the following update
on its block admission of shares to be issued to holders of the outstanding
warrants issued in 2021 ("2021 Warrants") and the outstanding 8% convertible
unsecured subordinated debentures issued on June 14, 2019 and January 15, 2021
(the "Convertible Debentures").

 Name of company:                                                              Southern Energy Corp
 Name of schemes:                                                              The Southern Energy Corp - warrants issued in 2021 and the 8% convertible
                                                                               unsecured subordinated debentures issued on 14 June 2019 and 15 January 2021
 Period of return:                                                             From: 6 May 2022

                                                                               To:     31 January 2023

 Balance of unallotted securities under scheme(s) from previous return:        15,624,232 ordinary shares
 The amount by which the block scheme(s) has been increased since the date of  14,262,643 ordinary shares
 the last return (if any increase has been applied for):
 Number of securities issued/allotted under the scheme during the period:      13,046,250 ordinary shares
 Number of securities lapsed under the schemes during the period:              Nil ordinary shares
 Balance under the schemes of securities not yet issued at the end of the      16,840,625 ordinary shares
 period subject to the block admission:

 Name of contact:                                                              Calvin Yau, CFO
 Telephone number of contact:                                                  +1 587 287 5402

 

 

Total Voting Rights

At 31 January 2023, the total number of voting rights in the Company was
138,056,910 which may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.

This update is regulatory and required every six months under the FCA's
Disclosure Guidance and Transparency Rules.

For further information, please contact:

 

 Southern Energy Corp.

 Ian Atkinson (President and CEO)                           +1 587 287 5401

 Calvin Yau (CFO)                                           +1 587 287 5402

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney / James Bellman

 Hannam & Partners - Joint Broker                           +44 (0) 20 7907 8500

 Samuel Merlin / Ernest Bell

 Canaccord Genuity - Joint Broker                           +44 (0) 20 7523 8000

 Henry Fitzgerald-O'Connor / James Asensio

 Camarco                                                    +44 (0) 20 3757 4980

 Owen Roberts / Billy Clegg / Hugo Liddy

 

About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company.
Southern has a primary focus on acquiring and developing conventional natural
gas and light oil resources in the southeast Gulf States of Mississippi,
Louisiana, and East Texas. Our management team has a long and successful
history working together and have created significant shareholder value
through accretive acquisitions, optimization of existing oil and natural gas
fields and the utilization of re-development strategies utilizing horizontal
drilling and multi-staged fracture completion techniques.

 

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