TIDMSOUC

RNS Number : 6725Y

Southern Energy Corp.

09 May 2023

SOUTHERN ENERGY CORP.

BLOCK ADMISSION SIX MONTHLY RETURN

Calgary, Alberta - May 9, 2023 - Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU) (AIM:SOUC) (OTCQX:SOUTF) announces the following update on its block admission of shares to be issued to holders of the outstanding warrants issued in 2021 (the "2021 Warrants") and the outstanding 8% convertible unsecured subordinated debentures issued on June 14, 2019 and January 15, 2021 (the "Convertible Debentures").

 
 Name of company:                           Southern Energy Corp. 
 Name of schemes:                           The Southern Energy Corp - 
                                             warrants issued in 2021 and 
                                             the 8% convertible unsecured 
                                             subordinated debentures issued 
                                             on 1 4 June 2019 and 15 January 
                                             2021 
 Period of return:                          From: 1 February 2023 
                                             To: 5 May 2023 
 Balance of unallotted securities           16,840,625 Common Shares 
  under scheme(s) from previous return: 
 The amount by which the block scheme(s)    Nil Common Shares 
  has been increased since the date 
  of the last return (if any increase 
  has been applied for): 
 Number of securities issued/allotted       984,375 Common Shares 
  under the scheme during the period: 
 Number of securities lapsed under          Nil Common Shares 
  the schemes during the period: 
 Balance under the schemes of securities    15,856,250 Common Shares 
  not yet issued at the end of the 
  period subject to the block admission: 
 
 Name of contact:                           Calvin Yau, CFO 
 Telephone number of contact:               +1 587 287 5402 
 

Total Voting Rights

At May 5, 2023, the total number of voting rights in the Company was 139,041,285 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. 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.

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.

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May 09, 2023 02:00 ET (06:00 GMT)

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