TIDMSOUC
RNS Number : 4264O
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, further to the Company's announcement released earlier
today, additional details in respect of the, in aggregate,
11,425,000 options to purchase common shares of the Company to
directors, officers and employees of Southern as part of our
overall compensation and employee retention program (the
"Options").
In aggregate, 8,865,000 of the Options were issued to directors
and PDMRs of the Company, as set out below:
DPDMR Position Options Awarded
Ian Atkinson President and CEO (Director) 1,500,000
------------------------------ ----------------
Calvin Yau VP Finance & CFO 1,080,000
------------------------------ ----------------
Erin Buschert VP Land 1,080,000
------------------------------ ----------------
Jim McFadyen VP Operations 1,080,000
------------------------------ ----------------
Gary McMurren VP Engineering 1,080,000
------------------------------ ----------------
Bruce Beynon Director 435,000
------------------------------ ----------------
Michael Kohut Director 435,000
------------------------------ ----------------
Tamara MacDonald Director 435,000
------------------------------ ----------------
Andrew McCreath Director 435,000
------------------------------ ----------------
Joseph Nally Director 435,000
------------------------------ ----------------
Neil Smith Director 435,000
------------------------------ ----------------
Steven Smith Director 435,000
------------------------------ ----------------
The Options expire five years from the date of grant, are
exercisable at a price of CAD0.07 per common share, and vest as to
one third on the grant date and one third on each of the first and
second anniversaries of the grant date.
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
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.
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.
PDMR NOTIFICATION FORMS
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Atkinson
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status President and Chief Executive Officer
(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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 1,500,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Calvin Yau
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status VP Finance and CFO
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 1,080,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Erin Buschert
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status VP Land
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 1,080,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jim McFadyen
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status VP Operations
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 1,080,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gary McMurren
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status VP Engineering
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 1,080,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 435,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Kohut
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 435,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tamara MacDonald
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 435,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew McCreath
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 435,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Joseph Nally
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 435,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Neil 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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 435,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
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 Options to acquire common shares in Southern
financial instrument, Energy Corp.
type of instrument
Identification code CA8428131079
b) Nature of the transaction Grant of share options
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) 435,000 options with an exercise price
of CAD0.07
d) Aggregated information N/A
e) Date of the transaction 7 October 2021
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ---------------------------------------------
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END
DSHMRBRTMTBMBRB
(END) Dow Jones Newswires
October 07, 2021 13:20 ET (17:20 GMT)
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