TIDMSOUC

RNS Number : 3035Z

Southern Energy Corp.

24 January 2022

SOUTHERN ENERGY CORP. ANNOUNCES

DIRECTOR SHARE PURCHASE

Calgary, Alberta - January 24, 2022 - Southern Energy Corp. ("Southern" or the "Company") (SOU: TSXV) (AIM:SOUC) announces the following purchases of Company common shares. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the applicable transaction.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Steven Smith 
     --------------------------  ---------------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status             Director 
     --------------------------  ---------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ---------------------------------------------- 
 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          Common shares in Southern Energy Corp. 
       financial instrument, 
       type of instrument 
 
      Identification code         CA8428133059 
 
 b)   Nature of the transaction   Purchase of common shares on the open market 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)      200,000 common shares at a price of CAD0.4088 
 d)   Aggregated information      N/A 
 
 
 e)   Date of the transaction     18 January 2022 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    Toronto Stock Exchange 
     --------------------------  ---------------------------------------------- 
 

For further information, please contact :

 
 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 
  Samuel 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 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.

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January 24, 2022 02:00 ET (07:00 GMT)

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