REG - Southern Energy Corp - EXERCISE OF WARRANTS

Southern EnergyAnnouncement

09/02/2022 07:00

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RNS Number : 0864B  Southern Energy Corp.  09 February 2022

 

SOUTHERN ENERGY CORP. ANNOUNCES EXERCISE OF WARRANTS

 

Calgary, Alberta - February 9, 2022 - Southern Energy Corp. ("Southern" or the
"Company") (SOU: TSXV) (AIM:SOUC), a U.S.-focused, growth-oriented oil and
natural gas producer, announces that the Company has issued 30,000 new common
shares in the Company ("Common Shares") to satisfy an exercise of warrants
over Common Shares at an exercise price of CAD0.32 per Common Share.

 

Admission to Trading on AIM and Total Voting Rights

 

Application has been made to the London Stock Exchange plc for the admission
to trading on AIM of the 30,000 new Common Shares, which is expected to occur
at 8.00 a.m. on or around 14 February 2022 ("Admission"). On Admission, the
new Common Shares will rank pari passu with the existing Common Shares.

On Admission, the issued share capital of the Company will be 78,151,858
Common Shares and this figure may be used by shareholders as a denominator for
the calculations by which they will determine if they are required to notify
their interest in or change to their interest in the Company. There are no
Common Shares held in treasury and each Common Share entitles the holder to a
single vote at general meetings of the Company. Accordingly, on Admission, the
total number of voting rights in the Company will be 78,151,858.

 

 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

 Sam 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

For further information, please contact:

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.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

 

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