Southern Energy Corp. DIRECTOR/PDMR DEALING (3580X)
25 Abril 2023 - 1:00AM
UK Regulatory
TIDMSOUC
RNS Number : 3580X
Southern Energy Corp.
25 April 2023
DIRECTOR/PDMR DEALING
Calgary, Alberta - April 25, 2023 - Southern Energy Corp.
("Southern" or the "Company") (SOU: TSXV) (AIM:SOUC) (OTCQX:SOUTF)
announces the following purchase of common shares of no par value
in the capital of the Company ("Common Shares").
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation (as applied to UK law), provides
detail on the applicable transactions.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name 1. Ian Atkinson
2. Calvin Yau
3. Gary McMurren
-------------------------- ------------------------------------------------
Reason for the notification
2.
----------------------------------------------------------------------------
a) Position/status 1. Director, President and Chief Executive
Officer
2. Chief Financial Officer
3. Chief Operating Officer
-------------------------- ------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Southern Energy Corp.
-------------------------- ------------------------------------------------
b) LEI 213800R25GL7J3EBJ698
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Details of the transaction(s): section to be repeated for (i)
4. 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 CA8428131059
b) Nature of the transaction Purchase of Common Shares
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Volumes Prices
1. 60,000 CAD0.30
1. 10,000 CAD0.305
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2. 100,000 CAD0.30
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3. 27,000 CAD0.30
3. 15,000 CAD0.305
3. 8,000 CAD0.31
3. 10,000 CAD0.315
----------
d) Aggregated information 1. 70,000 at an average price of CAD0.301
2. N/A, single transaction
3. 60,000 at an average price of CAD0.305
e) Date of the transaction 20 April 2023, 21 April 2023 & 24 April 2023
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f) Place of the transaction Outside of a trading venue
-------------------------- ------------------------------------------------
For further information, please contact :
Southern Energy Corp.
Ian Atkinson (President and CEO) +1 587 287 5401
Calvin Yau (CFO) +1 587 287 5402
Strand Hanson Limited - Nominated & Financial
Adviser
James Spinney / James Bellman +44 (0) 20 7409 3494
Canaccord Genuity - Joint Broker
Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000
Stifel Nicolaus Europe Limited - Joint Broker
Callum Stewart / Ashton Clanfield +44 (0) 20 7710 7600
Tennyson Securities - Joint Broker
Peter Krens / Pav Sanghera +44 (0) 20 7186 9033
Camarco
Owen Roberts / Billy Clegg / Hugo Liddy +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.
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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