Business
Southern Energy Corp. Completes US$23.5 Million Financings and Royalty Sale
CALGARY, AB AND TORONTO, ON / ACCESS Newswire / February 12, 2026 /Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC), an established producer with natural gas and light oil assets in Mississippi, and three related arm's length ...
About this update from Southern Company (the)
[{"type":"text","content":"CALGARY, AB AND TORONTO, ON / ACCESS Newswire / February 12, 2026 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC), an established producer with natural gas and light oil assets in Mississippi, and three related arm's length private investors, Treelawn Group Inc., TCC 1 Corp. and TCC Royalty Corp. (each, an "Investor"), are pleased to announce the completion of Southern's previously announced offering, on a non-brokered private placement basis, of senior secured convertible debentures (the "Debentures") and new common shares ("Shares") of the Company (the "Offering") and sale of a newly-created gross overriding royalty ("GORR" and, collectively with the Offering, the "Transaction") to the Investors 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. Any early warning reports and insider reports required under applicable Canadian securities laws will be filed in accordance with regulatory requirements.","length":1132,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":309,"height":85,"url":"https://media.zenfs.com/en/accesswire.ca/693abc85af5b78e79b1d1061fe0473b1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nizWsBwGsQa_si3OrTw5WQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExNjtjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/693abc85af5b78e79b1d1061fe0473b1","width":309,"height":85}},"href":"https://app.accessnewswire.com/imagelibrary/b592f0e0-e1fa-49f9-bb1b-9d3118b62190/1137367/southern-energy-log-021226.jpg","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":""We are pleased to have completed this financing, which meaningfully strengthens Southern's balance sheet and positions the Company for disciplined execution of our development program. With the retirement of our prior higher cost senio...