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Southern Energy Announces Financings to Ramp Up Liquids-Rich Gas Production Across High Quality Gulf Coast Assets, Feeding a Growing Demand for U.S. Natural Gas at Premium Pricing
THIS ANNOUNCEMENT (THE “ANNOUNCEMENT”), INCLUDING THE APPENDIX TO THIS ANNOUNCEMENT...
About this update from Southern Energy Corp.
[{"type":"text","content":"Southern Energy Announces Financings to Ramp Up Liquids-Rich Gas Production Across High Quality Gulf Coast Assets, Feeding a Growing Demand for U.S. Natural Gas at Premium Pricing\n\n\n\n\n\n THIS ANNOUNCEMENT (THE “ANNOUNCEMENT”), INCLUDING THE APPENDIX TO THIS ANNOUNCEMENT (THE “APPENDIX”), AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (ITS TERRITORIES OR POSSESSIONS), AUSTRALIA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n\n\n\n\n\n THIS ANNOUNCEMENT, INCLUDING THE APPENDIX, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE: (A) A PROSPECTUS OR OFFERING MEMORANDUM; (B) AN ADMISSION DOCUMENT PREPARED IN ACCORDANCE WITH THE AIM RULES; OR (C) AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT AND THE APPENDIX DOES NOT CONSTITUTE OR CONTAIN, AND SHOULD NOT BE CONSTRUED AS, ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF SOUTHERN ENERGY CORP. IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n\n\n\n\n\n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (REGULATION 596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n\n\n\n CALGARY, Alberta, March 12, 2025 (GLOBE NEWSWIRE) --\n \n Southern Energy Corp.\n \n (“\n \n Southern”\n \n or the “\n \n Company”\n \n ) (TSXV:SOU, AIM:SOUC) is pleased to announce its intention to conduct an equity fundraise to raise aggregate gross proceeds of approximately US$6.0 million (approximately £4.8 million / C$8.5 million) of units of the Company (“\n \n Units\n \n ”), at a price of 4.3 pence (the “\n \n Placing Price\n \n ”) or C$0.08 per Unit (the “\n \n Prospectus Price\n \n ”).\n \n...