Mr. Ian Atkinson reports
SOUTHERN ENERGY ANNOUNCES LISTING OF WARRANTS
Southern Energy Corp. has received the approval of the TSX Venture Exchange for the supplemental listing of 65,435,521 common share purchase warrants of the company issuable pursuant to the company's previously announced prospectus offering of units of Southern.
The warrants are expected to commence trading on the TSX-V under the symbol SOU.WT as of market open on or about April 21, 2025.
An aggregate of 65,435,521 units were issued in connection with the closing of the offering on April 8, 2025, with each unit consisting of one common share in the capital of the company and one warrant. Each warrant entitles the holder thereof to acquire one common share at an exercise price of nine cents per common share at any time prior to 5 p.m. Calgary time on April 8, 2028. The warrants are governed by a warrant indenture between the company and Odyssey Trust Company, as warrant agent, dated April 8, 2025.
About Southern Energy Corp.
Southern Energy 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 southeastern Gulf states of Mississippi, Louisiana and east Texas. Its management team has a long and successful history working together and has created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields, and the utilization of redevelopment strategies utilizing horizontal drilling and multistaged fracture completion techniques.
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