14:20:02 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Southern Energy Corp (2)
Symbol SOU
Shares Issued 139,088,160
Close 2023-11-24 C$ 0.245
Market Cap C$ 34,076,599
Recent Sedar Documents

Southern Energy 10,712,387-share prospectus offering

2023-11-24 17:43 ET - Prospectus Approved

The company's short form base shelf prospectus dated Nov. 18, 2022, was filed with and accepted by the TSX Venture Exchange and filed with and receipted by the Alberta Securities Commission and Ontario Securities Commissions, pursuant to the provisions of the Alberta and Ontario securities acts. Under Multilateral Instrument 11-102, Passport System, the prospectus is deemed to have been filed with and receipted by the securities regulators in British Columbia, Saskatchewan, Manitoba, New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador. The exchange has also accepted the filing of the company's prospectus supplement dated Nov. 1, 2023.

The TSX Venture Exchange has been advised that closing occurred on Nov. 9, 2023, for gross proceeds of $2,785,220.62.

Agents:  Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., Haywood Securities Inc., Eight Capital

Offering:  10,712,387 common shares

Share price:  26 cents per share

Agents' warrants:  not applicable

Agents' fees:  aggregate cash commissions of $71,071.23

Overallotment option:  The agents may overallot the common shares in connection with the offering and the company has granted to the agents an option to purchase an additional 1,606,858 common shares at 26 cents per share for gross proceeds of $417,783 (representing 15 per cent of the aggregate number of common shares sold under the offering). The agents have 30 days from closing to exercise this overallotment option.

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