Business
Southern Energy Corp. Announces US$23.5 Million Financings and Royalty Sale
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, AB / ACCESS Newswire / February 9, 2026 /Southern Energy ...
About this update from Southern Company (the)
[{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.","length":181,"tagName":"p"},{"type":"text","content":"CALGARY, AB / ACCESS Newswire / February 9, 2026 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC), an established producer with natural gas and light oil assets in Mississippi, is pleased to announce the execution of definitive subscription and purchase and sale agreements with three related arm's length private investors (each, an "Investor"), pursuant to which the Investors have agreed to subscribe, on a non-brokered private placement basis, for senior secured convertible debentures (the "Debentures") and new common shares ("Shares") of the Company (the "Offering") and purchase a newly-created gross overriding royalty ("GORR" and, collectively with the Offering, the "Transaction") for aggregate net proceeds of US$22.0 million after a 8.8235% original issue discount (the "OID") equivalent to US$1.5 million on the Debentures.","length":957,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":310,"height":85,"url":"https://media.zenfs.com/en/accesswire.ca/1282ae32dcf25a7899ec2f51ff4222a2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/E6ZKgDYYA11AkgAX1Cv1kw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExNTtjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/1282ae32dcf25a7899ec2f51ff4222a2","width":310,"height":85}},"href":"https://app.accessnewswire.com/imagelibrary/de5117c9-d7e4-4a9c-9f8c-2b04bb6309f4/image.png","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"All figures referred to in this news release are denominated in U.S. dollars, unless otherwise noted.","length":101,"tagName":"p"},{"type":"text","content":"Ian Atkinson, President and Chief Executive Officer of Southern, commented:","length":75,"tagName":"p"},{"type":"text","content":""This transaction is a strategic reset of Southern's capital structure. By retiring our existing high-cost senior credit facility and extending maturities, we are significantly reducing our cost of capita...