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Share Name Share Symbol Market Type Share ISIN Share Description
Southern Energy Corp. LSE:SOUC London Ordinary Share CA8428133059 SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.75% 67.00 65.00 69.00 68.00 67.00 67.00 84,752 15:48:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 19.9 9.7 24.0 2.8 53

Southern Energy Corp. EXERCISE OF WARRANTS

27/10/2021 7:00am

UK Regulatory (RNS & others)


Southern Energy (LSE:SOUC)
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TIDMSOUC

RNS Number : 3455Q

Southern Energy Corp.

27 October 2021

SOUTHERN ENERGY CORP. ANNOUNCES EXERCISE OF WARRANTS

Calgary, Alberta - October 27, 2021 - 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 625,000 new common shares in the Company ("Common Shares") to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.04 per Common Share.

Application has been made to the London Stock Exchange to admit 625,000 new Common Shares to trading on AIM, which is expected to occur on or around 1 November 2021 ("Admission"). The new Common Shares will rank pari passu with the existing Common Shares.

Following Admission, the issued share capital of the Company will be 362,597,054 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 362,597,054.

 
 Southern Energy Corp. 
  Ian Atkinson (President and CEO)                  +1 587 287 5401 
  Calvin Yau (VP Finance and CFO)                   +1 587 287 5402 
                                                  +44 (0) 20 7409 
 Strand Hanson Limited - Nominated & Financial     3494 
  Adviser 
  James Spinney / James Bellman 
                                                   +44 (0) 20 7907 
  Hannam & Partners - Joint Broker                 8500 
  Sam Merlin / Ernest Bell 
 
  Canaccord Genuity - Joint Broker                 +44 (0) 20 7523 
  Henry Fitzgerald-O'Connor / James Asensio        8000 
 
 
   Camarco                                          +44 (0) 20 3757 
   James Crothers, Billy Clegg, Daniel Sherwen      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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

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October 27, 2021 02:00 ET (06:00 GMT)

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