Southern Energy Corp Announces Total Voting Rights Update
Southern Energy Corp. (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF) has provided an update on its total voting rights following the admission of 18,863,750 new common shares. As of December 31, 2022, the company has 138,056,910 common shares outstanding, which shareholders will use to assess any interest changes under the FCA's Disclosure Guidance. Each common share allows one vote at general meetings, and there are no shares held in treasury. Southern Energy focuses on natural gas and light oil resources in the Gulf States.
- Issued 18,863,750 new common shares, enhancing liquidity.
- Total outstanding shares increased to 138,056,910, improving shareholder representation.
- None.
CALGARY, AB / ACCESSWIRE / January 3, 2023 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF) announces, further to its announcements on 6 May 2022 and 23 August 2022 regarding the application to AIM for a total block admission of 18,863,750 new common shares in the Company ("Common Shares") (the "Block Admission"), a monthly update to the Company's total voting rights as a result of the exercise of instruments subject to the Block Admission during December 2022.
As at 31 December 2022, Southern had 138,056,910 Common Shares in issue. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of 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. | +1 587 287 5401 +1 587 287 5402 | |
Strand Hanson Limited - Nominated & Financial Adviser | +44 (0) 20 7409 3494 +44 (0) 20 7907 8500
| |
Camarco Owen Roberts / Billy Clegg / Hugo Liddy | +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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SOURCE: Southern Energy Corp.
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