SOUC Southern Energy Corp.

TIDMSOUC

RNS Number : 3275O

Southern Energy Corp.

07 October 2021

SOUTHERN ENERGY CORP. ANNOUNCES STOCK OPTION GRANT

Calgary, Alberta - October 7, 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 pursuant to the Company's Stock Option Plan (the "Plan"), an aggregate of 11,425,000 stock options to purchase common shares of the Company ("Options") were granted to directors, officers and employees of Southern as part of our overall compensation and employee retention program. The Options expire five years from the date of grant and are exercisable at a price of $0.07 per common share. The Options vest as to one third on the grant date and one third on each of the first and second anniversaries of the grant date.

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.

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 
 

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October 07, 2021 02:00 ET (06:00 GMT)

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