Southern Energy Corp. EXERCISE OF WARRANTS (0721P)
14 Octubre 2021 - 1:00AM
UK Regulatory
TIDMSOUC
RNS Number : 0721P
Southern Energy Corp.
14 October 2021
SOUTHERN ENERGY CORP. ANNOUNCES EXERCISE OF WARRANTS
Calgary, Alberta - October 14, 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 675,000 ordinary shares in
the Company ("Ordinary Shares") to satisfy the exercise of
warrants. The exercise price for the warrants is CAD0.04 per
share.
Application has been made to the London Stock Exchange to admit
675,000 new Ordinary Shares to trading on AIM. Admission of the New
Ordinary Shares is expected to occur on or around 20 October 2021
("Admission"). The new Ordinary Shares will rank pari passu with
the existing Ordinary Shares.
Following Admission, the issued share capital of the Company
will be 361,972,054 Ordinary 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 under the Disclosure
Guidance and Transparency Rules published by the UK Financial
Conduct Authority. There are no Ordinary Shares held in treasury
and each Ordinary Share entitled the holder to a single vote at
general meetings of the Company. Therefore, the total number of
voting rights in the Company will be 361,972,054.
For further information, please contact :
Southern Energy Corp.
Ian Atkinson (President and CEO) +1 (0) 587 287 5401
Calvin Yau (VP Finance and CFO) +1 (0) 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
About Southern Energy Corp.
Southern Energy Corp. is an oil and 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.
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