Southern Energy Corp. EXERCISE OF WARRANTS AND DIRECTOR SHARE PURCHASE (9822J)
03 Mayo 2022 - 1:01AM
UK Regulatory
TIDMSOUC
RNS Number : 9822J
Southern Energy Corp.
03 May 2022
SOUTHERN ENERGY CORP. ANNOUNCES EXERCISE OF WARRANTS AND
DIRECTOR SHARE PURCHASE
Calgary, Alberta - May 3, 2022 - 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.
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) Name Bruce Beynon
-------------------------- ---------------------------------------------
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) 50,000 common shares at a price of CAD0.8056
d) Aggregated information N/A
e) Date of the transaction 28 April 2022
-------------------------- ---------------------------------------------
f) Place of the transaction Toronto Stock Exchange
-------------------------- ---------------------------------------------
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.
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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END
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