Source - LSE Regulatory
RNS Number : 6725Y
Southern Energy Corp.
09 May 2023



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 14 June 2019 and 15 January 2021

Period of return:

From: 1 February 2023

To:     5 May 2023


Balance of unallotted securities under scheme(s) from previous return:

16,840,625 Common Shares

The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

Nil Common Shares

Number of securities issued/allotted under the scheme during the period:

984,375 Common Shares

Number of securities lapsed under the schemes during the period:

Nil Common Shares

Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:

15,856,250 Common Shares

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)

Calvin Yau (CFO)


+1 587 287 5401

+1 587 287 5402


Strand Hanson Limited - Nominated & Financial Adviser

James Spinney / James Bellman 


Canaccord Genuity - Joint Broker

Henry Fitzgerald-O'Connor / James Asensio

+44 (0) 20 7409 3494



+44 (0) 20 7523 8000


Stifel Nicolaus Europe Limited - Joint Broker

Callum Stewart / Ashton Clanfield


Tennyson Securities - Joint Broker

Peter Krens / Pav Sanghera



Owen Roberts / Billy Clegg / Hugo Liddy

+44 (0) 20 7710 7600



+44 (0) 20 7186 9033



+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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