REG - Southern Energy Corp - Director Share Purchase

Southern EnergyAnnouncement

24/01/2022 07:05

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RNS Number : 3035Z  Southern Energy Corp.  24 January 2022

SOUTHERN ENERGY CORP. ANNOUNCES

DIRECTOR SHARE PURCHASE

 

Calgary, Alberta - January 24, 2022 - Southern Energy Corp. ("Southern" or the
"Company") (SOU: TSXV) (AIM:SOUC) announces the following purchases of Company
common shares. The notification below, made in accordance with the
requirements of the EU Market Abuse Regulation, provides further detail on the
applicable transaction.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Steven Smith
 2.  Reason for the notification
 a)  Position/status                                              Director
 b)  Initial notification /Amendment                              Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Southern Energy Corp.
 b)  LEI                                                          213800R25GL7J3EBJ698
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Common shares in Southern Energy Corp.

     Identification code                                          CA8428133059

 b)  Nature of the transaction                                    Purchase of common shares on the open market
 c)  Price(s) and volume(s)                                       200,000 common shares at a price of CAD0.4088
 d)  Aggregated information                                       N/A

 e)  Date of the transaction                                      18 January 2022
 f)  Place of the transaction                                     Toronto Stock Exchange

 

For further information, please contact:

 

 Southern Energy Corp.

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

 Calvin Yau (VP Finance and 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

 James Crothers, Billy Clegg, Daniel Sherwen                +44 (0) 20 3757 4980

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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