Southern Energy Corp. Announces Director Share Purchase
CALGARY, AB / ACCESSWIRE / January 24, 2022 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC) announces the following purchases of Company common shares. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the applicable transaction.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Steven Smith |
| 2. | Reason for the notification | |
| a) | Position/status | Director |
| b) | Initial notification /Amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Southern Energy Corp. |
| b) | LEI | 213800R25GL7J3EBJ698 |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument | Common shares in Southern Energy Corp. |
| Identification code | CA8428133059 | |
| b) | Nature of the transaction | Purchase of common shares on the open market |
| c) | Price(s) and volume(s) | 200,000 common shares at a price of CAD0.4088 |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 18 January 2022 |
| f) | Place of the transaction | Toronto Stock Exchange |
For further information, please contact:
Southern Energy Corp. Ian Atkinson (President and CEO) Calvin Yau (VP Finance and CFO) | +1 587 287 5401 +1 587 287 5402 | ||
Strand Hanson Limited - Nominated & Financial Adviser James Spinney / James Bellman Hannam & Partners - Joint Broker Samuel Merlin / Ernest Bell Canaccord Genuity - Joint Broker Henry Fitzgerald-O'Connor / James Asensio | +44 (0) 20 7409 3494 +44 (0) 20 7907 8500 +44 (0) 20 7523 8000 | ||
Camarco James Crothers, Billy Clegg, Daniel Sherwen | +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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