Southern Energy Corp. Announces Exercise of Warrants and Director Share Purchase

Southern Energy Corp. Announces Exercise of Warrants and Director Share Purchase

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 187,500 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

Southern Energy Corp., Tuesday, May 3, 2022, Press release picture

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 187,500 new Common Shares, which is expected to occur at 8.00 a.m. on or around 6 May 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 78,513,733 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 78,513,733.

Director Share Purchase

The Company also announces the following purchase of Company common shares by Bruce Beynon, a director of the Company. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transaction.

1.Details of the person discharging managerial responsibilities / person closely associated
a)NameBruce Beynon
2.Reason for the notification
a)Position/statusDirector
b)Initial notification /AmendmentInitial notification
3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameSouthern Energy Corp.
b)LEI213800R25GL7J3EBJ698
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 instrumentCommon shares in Southern Energy Corp.
Identification codeCA8428133059
b)Nature of the transactionPurchase of common shares on the open market
c)Price(s) and volume(s)50,000 common shares at a price of CAD0.8056
d)Aggregated informationN/A
e)Date of the transaction28 April 2022
f)Place of the transactionToronto Stock Exchange

For further information, please contact:

Southern Energy Corp.
Ian Atkinson (President and CEO)
Calvin Yau (VP Finance and CFO)


+1 587 287 5401
+1 587 287 5402

Strand Hanson Limited - Nominated & Financial Adviser
James Spinney / James Bellman

Hannam & Partners - Joint Broker
Sam Merlin / Ernest Bell

Canaccord Genuity - Joint Broker
Henry Fitzgerald-O'Connor / James Asensio


+44 (0) 20 7409 3494


+44 (0) 20 7907 8500


+44 (0) 20 7523 8000

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.

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.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).

SOURCE: Southern Energy Corp.



View source version on accesswire.com:
https://www.accesswire.com/699715/Southern-Energy-Corp-Announces-Exercise-of-Warrants-and-Director-Share-Purchase

News Provided by ACCESSWIRE via QuoteMedia

SOU:CA
The Conversation (0)
Southern Energy Corp. Announces Commencement of OTCQX Trading and Participation in the Schachter "Catch the Energy" Conference

Southern Energy Corp. Announces Commencement of OTCQX Trading and Participation in the Schachter "Catch the Energy" Conference

Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF), a U.S.-focused, growth-oriented natural gas producer, is pleased to announce that its common shares of no par value in the capital of the Company ("Common Shares") are now trading on the OTCQX® Best Market under the ticker symbol of SOUTF. Southern's Common Shares will continue to trade on the TSX Venture Exchange under the symbol SOU, and on the AIM market of the London Stock Exchange under the symbol SOUC

Southern Energy Corp., Friday, October 14, 2022, Press release picture

OTCQX Graduation

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Southern Energy Corp. Announces Stock Option and Restricted Share Award Grant

Southern Energy Corp. Announces Stock Option and Restricted Share Award Grant

Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU) (AIM:SOUC), a U.S.-focused, growth-oriented natural gas producer, announces that pursuant to the Company's Stock Option Plan and Share Award Incentive Plan, an aggregate of 4,000,000 stock options ("Options") to purchase common shares of the Company ("Common Shares") and 2,495,700 restricted share awards ("RSAs") were granted as part of Southern's overall compensation and employee retention progra

Southern Energy Corp., Monday, September 12, 2022, Press release picture

The Options expire in five years from the date of the grant and are exercisable at a price of CAD$1.01 per Common Share, being the closing market price on the TSXV on the day prior to this announcement. The Options vest as to one third on the grant date and one third on each of the first and second anniversaries of the grant date. The RSAs vest as to one third on each of the first, second and third anniversaries of the grant date. On the vesting dates of such RSAs, the holder is entitled to receive a cash payment or its equivalent in fully paid Common Shares, at the Company's discretion, equal to the closing market value per Common Share on the TSXV on the business day prior to such payment.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Southern Energy Corp. Announces Second Quarter 2022 Financial and Operating Results, Second Half 2022 Capital Budget, Positive Gwinville Well Update And Expanded Credit Facility

Southern Energy Corp. Announces Second Quarter 2022 Financial and Operating Results, Second Half 2022 Capital Budget, Positive Gwinville Well Update And Expanded Credit Facility

Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC), the established producer with natural gas and light oil assets in Mississippi, today announces the release of its second quarter financial and operating results for the three and six months ended June 30, 2022. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements (the "Financial Statements") and related management's discussion and analysis (the "MD&A") for the three and six months ended June 30, 2022, which are available on the Company's website at www.southernenergycorp.com and have been filed on SEDAR

Southern Energy Corp., Thursday, May 26, 2022, Press release picture

All figures referred to in this news release are denominated in U.S. dollars, unless otherwise noted.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Southern Energy Corp. Announces Completion of Fundraising and Premium to NYMEX Pricing Contract

Southern Energy Corp. Announces Completion of Fundraising and Premium to NYMEX Pricing Contract

Defined terms used in this announcement have the same meaning as given to them in the Company's announcement released on June 23, 2022, unless otherwise defined herein.

Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC), a U.S.-focused, growth-oriented natural gas producer, is pleased to announce the closing of its previously announced Offering to raise, in aggregate, gross proceeds of US$31.0 million through the issue of 46,371,927 new Common Shares. The Underwriters will not be exercising the over-allotment option granted to them in connection with the Offering

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Southern Energy Corp. Announces First Quarter 2022 Financial and Operating Results

Southern Energy Corp. Announces First Quarter 2022 Financial and Operating Results

Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC) today announces the release of its first quarter financial and operating results for the three months ended March 31, 2022

Southern Energy Corp., Thursday, May 26, 2022, Press release picture

Southern is an established producer with natural gas and light oil assets in Mississippi characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in North America. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements (the "Financial Statements") and related management's discussion and analysis (the "MD&A") for the three months ended March 31, 2022, which are available on the Company's website at www.southernenergycorp.com and have been filed on SEDAR.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Oil rig with stock charts overlayed.

5 Biggest ASX Oil and Gas Stocks in 2025

Oil and gas are key energy fuels, and ASX-listed Australian oil and gas companies could benefit from their price moves.

For the most part, 2024 was a volatile year for both the oil and gas markets. In the first half of the year, oil prices were riding an uptrend, spurred on by rising tensions in the Middle East amid tightening supply.

However, after prices peaked at US$91.70 per barrel in early April, demand-side challenges weighed oil down, with levels sinking to US$77 in early June. In the second half of the year, oil prices took a hit as global economic uncertainties continued to grow.

Keep reading...Show less
Hydrogen pipes in a green grass field on a sunny day.

Hydrogen Stocks: 9 Biggest Companies in 2025

Hydrogen stocks are benefiting from cleantech sector momentum as the world moves closer to a green energy future.

The most abundant element on Earth, hydrogen is a colorless gas. It can be produced in liquid form and burned to generate electricity, or combined with oxygen atoms in fuel cells. In this way, hydrogen — which produces no carbon emissions — can replace fossil fuels in household heating, transportation and industrial processes such as steel manufacturing.

Rising demand for carbon-free energy sources alongside significant new government policies are driving growth in the hydrogen market. Grand View Research projects that the global hydrogen-generation market will grow at a compound annual growth rate of 9.3 percent from 2024 to 2030, reaching US$317.39 billion by the end of the forecast period.

Keep reading...Show less
First Helium Announces Shallow Heavy Oil Discovery

First Helium Announces Shallow Heavy Oil Discovery

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced two discoveries at its Worsley Project:

Shallow Heavy Oil Discovery

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Alvopetro Announces Year End 2024 Financial Results, Q1 2025 Dividend of US$0.10/share and Filing of our AIF

Alvopetro Announces Year End 2024 Financial Results, Q1 2025 Dividend of US$0.10/share and Filing of our AIF

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces an operational update, our financial results for the year ended December 31, 2024 a quarterly dividend of US$0.10 per common share and filing of our annual information form. We will be hosting a live webcast to discuss our Q4 2024 results on Wednesday March 19, 2025 at 8:00 a.m. Mountain time .

All references herein to $ refer to United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×