REG - Southern Energy Corp - LISTING OF WARRANTS

Southern EnergyAnnouncement

17/04/2025 07:00

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RNS Number : 3287F  Southern Energy Corp.  17 April 2025

SOUTHERN ENERGY ANNOUNCES

LISTING OF WARRANTS

 

Calgary, Alberta - April 17, 2025 - Southern Energy Corp. ("Southern" or the
"Company") (TSXV:SOU) (AIM:SOUC) is pleased to announce that it has received
the approval of the TSX Venture Exchange (the "TSXV") for the supplemental
listing of 65,435,521 common share purchase warrants of the Company (the
"Warrants") issuable pursuant to the Company's previously announced prospectus
offering (the "Offering") of units of Southern ("Units").

 

The Warrants are expected to commence trading on the TSXV under the symbol
"SOU.WT" as of market open on or about April 21, 2025.

 

An aggregate of 65,435,521 Units were issued in connection with the closing of
the Offering on April 8, 2025, with each Unit consisting of one (1) common
share ("Common Share") in the capital of the Company and one (1) Warrant. Each
Warrant entitles the holder thereof to acquire one (1) Common Share at an
exercise price of C$0.09 per Common Share at any time prior to 5:00 p.m.
(Calgary time) on April 8, 2028. The Warrants are governed by a warrant
indenture between the Company and Odyssey Trust Company, as warrant agent,
dated April 8, 2025 (the "Warrant Indenture").

 

For more information about the Offering and the Warrants, please refer to the
Company's news releases dated March 12, 2025, March 25, 2025, and April 8,
2025, as well as the Warrant Indenture, each of which are accessible under the
Company's profile on SEDAR+ at www.sedarplus.ca.

 

For further information, please contact:

 Southern Energy Corp.

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

 Calvin Yau (CFO)                                           +1 587 287 5402

 Tennyson Securities - Joint Broker                         +44 (0) 20 7186 9033

 Peter Krens / Jason Woollard

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

 James Spinney / James Bellman / Rob Patrick
 Camarco                                                    +44 (0) 20 3757 4980

 Owen Roberts / Sam Morris / Tomisin Ibikunle

 

 

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.

 

Forward Looking Statements

 

Certain information included in this announcement constitutes forward-looking
information under applicable securities legislation. Forward-looking
information typically contains statements with words such as "anticipate",
"believe", "expect", "plan", "intend", "estimate", "propose", "project" or
similar words suggesting future outcomes or statements regarding an outlook.
Forward-looking information in this announcement may include, but is not
limited to: Southern's business, strategy, objectives, strengths and focus;
the anticipated listing of the Warrants on the facilities of the TSXV and
timing thereof. The forward-looking statements contained in this announcement
are based on certain key expectations and assumptions made by Southern,
including the timing of and success of future drilling, development and
completion activities, the performance of existing wells, the performance of
new wells, the availability and performance of facilities and pipelines, the
geological characteristics of Southern's properties, the characteristics of
its assets, the successful application of drilling, completion and seismic
technology, benefits of current commodity pricing hedging arrangements,
prevailing weather conditions, prevailing legislation affecting the oil and
gas industry, commodity prices, royalty regimes and exchange rates, the
application of regulatory and licensing requirements, the availability of
capital, labour and services, the creditworthiness of industry partners and
the ability to source and complete asset acquisitions.

 

Although Southern believes that the expectations and assumptions on which the
forward- looking statements are based are reasonable, undue reliance should
not be placed on the forward-looking statements because Southern can give no
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks. These
include, but are not limited to: risks associated with the oil and gas
industry in general (e.g., operational risks in development, exploration and
production; the uncertainty of reserve estimates; the uncertainty of estimates
and projections relating to production, costs and expenses, and health, safety
and environmental risks), constraint in the availability of services,
 commodity price and exchange rate fluctuations, geo-political risks,
political and economic instability abroad, wars (including Russia's military
actions in Ukraine and the Israel-Palestinian conflict), increased operating
and capital costs due to inflationary pressures, changes in legislation
impacting the oil and gas industry, adverse weather or break-up conditions and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. These and
other risks are set out in more detail in Southern's most recent management's
discussion and analysis and annual information form, which are available under
the Company's SEDAR+ profile at www.sedarplus.ca
(https://url.avanan.click/v2/___http:/www.sedarplus.ca___.YXAzOnNvdXRoZXJuZW5lcmd5Y29ycDphOm86ZjUwZmEzNDFmNzcwNGU3NTViNmNhMmQ3M2EwYWM0MDM6NjozMTZlOmNkOTYyYTdjZDE3Y2JmOTc1YjQwNTVjNDZhODEzYjExZTA2ZDlkMWQ2M2NkZGRjZjM4MzY0ZGY1NDUwODlhNTM6cDpUOk4)
. The forward-looking information contained in this announcement is made as of
the date hereof and Southern undertakes no obligation to update publicly or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, unless required by applicable
securities laws. The forward-looking information contained in this
announcement is expressly qualified by this cautionary statement.

 

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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