CALGARY, AB, Nov. 9, 2023 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) (AIM: SOUC) (OTCQX: SOUTF), a U.S.-focused, growth-oriented natural gas producer, is pleased to announce that it has closed its previously announced equity financing for aggregate gross proceeds of US$5 million (approximately £4.1 million, CAD$6.9 million) through the issue of 26,630,000 new Common Shares at a price of C$0.26 or 15.5 pence per Common Share. Defined terms used in this announcement have the same meaning given to them as defined in the Company’s announcement released on 1 November 2023 unless otherwise defined herein.… Continue Reading
VENTURE EQUITY BULGARIA EAD ACQUIRES STAKE IN SOUTHERN ENERGY CORP.
SOFIA, BULGARIA, Feb. 17, 2023 /CNW/ – Venture Equity Bulgaria EAD (“Venture Equity“) is pleased to announce that, between November 2, 2022 and December 16, 2022, it acquired an aggregate of 1,842,862 common shares (“Shares”) in the capital of Southern Energy Corp. (“Southern”), an established natural gas exploration and production company with U.S.-based assets.
Venture Equity has acquired ownership of 1,842,862 Shares, representing approximately 1.33% of the presently issued and outstanding Shares. Immediately prior to the acquisition, Venture Equity, together with Svetoslav Bojilov, owned 13,733,372 Shares representing approximately 9.95% of the issued and outstanding Shares.
Following completion … Continue Reading
Southern Energy Corp. Announces Payment of Interest In-Kind to its 8% Convertible Unsecured Subordinated Debentures
CALGARY, AB, July 14, 2021 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) announces that the Company has issued 3,901,775 common shares of Southern (the “Common Shares“) to holders of its 8% convertible unsecured subordinated debentures issued on June 14, 2019 and January 15, 2021 (collectively, the “Debentures“) as payment in kind of accrued interest on the Debentures due on June 30, 2021 in the aggregate amount of $335,560.00 (the “Interest Payment“). The number of Common Shares issued is equal to the amount of the interest, divided by the volume weighted average trading price per Common … Continue Reading
Southern Energy Corp. Announces Amendments to its 8% Convertible Unsecured Subordinated Debentures
CALGARY, AB, June 28, 2021 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) announces that the Company has received an extraordinary resolution from the holders (the “Debentureholders“) of its outstanding 8% convertible unsecured subordinated debentures (the “Debentures“) approving certain amendments to the debenture indenture entered into between the Company and Computershare Trust Company of Canada (the “Trustee“) dated June 14, 2019 (the “Indenture Amendments“). The Indenture Amendments will: (a) extend the maturity date of the Debentures by two years to June 30, 2024; (b) decrease the conversion price for the Debentures from $0.125 to $0.10… Continue Reading
Southern Energy Corp. Announces Intention for Secondary Quote of Common Shares with Admission to Trading on AIM
/THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION./
CALGARY, AB, June 16, 2021 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU), an established producer with natural gas and light oil assets in Mississippi and Alabama characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in North America, is pleased to announce its intention to seek a dual listing of its common shares (the “Common Shares“) with their admission to trading on the London Stock Exchange’s AIM … Continue Reading
Southern Energy Corp. Announces Q1 2021 Financial and Operating Results Highlighted by a 90% Increase in Adjusted Funds Flow From Operations
CALGARY, AB, May 26, 2021 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (SOU: TSXV) today announces the release of its first quarter financial and operating results for the three months ended March 31, 2021. Southern is an established producer with natural gas and light oil assets in Mississippi and Alabama characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in North America. Selected financial and operational information is outlined below and should be read in conjunction with the Company’s consolidated financial statements (the “Financial … Continue Reading
Southern Energy Corp. Announces Up to $6.0 Million Unit Financing, Debt Restructuring and Addition of Paul Baay as Special Advisor to the Board of Directors
/NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
CALGARY, AB, April 22, 2021 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) is pleased to announce a non-brokered private placement (the “Private Placement“) for gross proceeds of up to C$6.0 million. Pursuant to the Private Placement, Southern will issue up to 150,000,000 units (“Units“) of the Company at a price of C$0.04 per Unit, each Unit being comprised of one common share of Southern (each, a “Common Share“) and one Common … Continue Reading
Southern Energy Corp. Announces In-Kind Interest Payment on Debentures
CALGARY, AB, Dec. 31, 2020 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) announces that on December 31, 2020, the holders (the “Debentureholders“) of its outstanding 8% convertible unsecured subordinated debentures (the “Debentures“) agreed to an in-kind payment of accrued interest due on December 31, 2020 in the amount of $322,760.00 through the issuance of additional Debentures. The in-kind interest payment was approved by extraordinary resolution of the Debentureholders pursuant to the Company’s debenture indenture with Computershare Trust Company of Canada dated June 14, 2019. Other than the in-kind interest payment in respect of … Continue Reading
Southern Energy Corp. Announces Q3 2020 Financial and Operating Results
CALGARY, AB, Nov. 30, 2020 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) announces the release of its financial and operating results for the three and nine months ended September 30, 2020. Southern is an established producer with natural gas and light oil assets in Mississippi and Alabama (the “Southeast Gulf States“) characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in North America. The Company’s unaudited condensed consolidated interim financial statements (the “Financial Statements“) and related management’s discussion and analysis (the “MD&A“) … Continue Reading
Southern Energy Corp. Comments on Trading Activity
CALGARY, AB, Nov. 10, 2020 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) is issuing this press release in response to a request by the Investment Industry Regulatory Organization of Canada (IIROC) to comment on recent trading activity in its common shares.
The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to report at this time. The Company will keep the market informed as required.
About Southern Energy Corp.
Southern Energy Corp. is an oil and natural gas exploration and production company. Southern has a primary … Continue Reading
Southern Energy Corp. Announces Q2 2020 Financial and Operating Results
CALGARY, AB, Aug. 27, 2020 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU), an established natural gas and oil producer with U.S.-based assets, today released financial and operating results for the three and six months ended June 30, 2020. Southern’s unaudited condensed consolidated interim financial statements (the “Financial Statements“) and related management’s discussion and analysis (the “MD&A“) for the three and six months ended June 30, 2020 are available on the Company’s website at www.southernenergycorp.com and have been filed on SEDAR. All figures referred to in this news release are denominated in Canadian dollars, unless … Continue Reading
Southern Energy Corp. Announces Q1 2020 Financial and Operating Results
CALGARY, May 26, 2020 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (SOU: TSXV), an established natural gas and oil producer with U.S.-based assets, today released financial and operating results for the three months ended March 31, 2020. Southern’s unaudited condensed consolidated interim financial statements (the “Financial Statements“) and related management’s discussion and analysis (the “MD&A“) for the three months ended March 31, 2020 are available on the Company’s website at www.southernenergycorp.com and have been filed on SEDAR. All figures referred to in this news release are denominated in Canadian dollars, unless otherwise noted.
First Quarter 2020 … Continue Reading