REG - Southern Energy Corp - VOTING RIGHTS AND DIRECTOR EXERCISE OF WARRANTS

Southern EnergyAnnouncement

01/12/2022 07:00

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RNS Number : 1646I  Southern Energy Corp.  01 December 2022

 

SOUTHERN ENERGY CORP.

ANNOUNCES A TOTAL VOTING RIGHTS UPDATE AND DIRECTOR EXERCISE OF WARRANTS

 

Calgary, Alberta - December 1, 2022 - Southern Energy Corp. ("Southern" or the
"Company") (TSXV:SOU) (AIM:SOUC) (OTCQX:SOUTF) announces, further to its
announcements on 6 May 2022 and 23 August 2022 regarding the application to
AIM for a total block admission of 18,863,750 new common shares in the Company
("Common Shares") (the "Block Admission"), a monthly update to the Company's
total voting rights as a result of the exercise of instruments subject to the
Block Admission during November 2022.

As at 30 November 2022, Southern had 137,994,410 Common Shares in issue. This
figure may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of 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.

Director Warrant Exercise

The Company also announces the following purchase of Common Shares by Bruce
Beynon, a Director of the Company. This Common Share purchase was made through
the exercise of Common Share purchase warrants from the April 2021
non-brokered private placement that allow holders to purchase Common Shares
for CAD$0.32 per Common Share.

 

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation (as applied to UK law), provides further detail on the
applicable transaction.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Bruce Beynon

 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                                          CA8428131059

 b)  Nature of the transaction                                    Exercise of warrants over Common Shares in the Company

 c)  Price(s) and volume(s)                                       125,000 Common Shares at a price of CAD0.32 per share

 d)  Aggregated information                                       N/A, single transaction

 e)  Date of the transaction                                      30 November 2022

 f)  Place of the transaction                                     Outside of a trading venue

 

 

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.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018 (as amended).

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