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Southern Energy Corp. Announces Intention for Secondary Quote of Common Shares with Admission to Trading on AIM
Southern Energy Corp. Announces Intention for Secondary Quote of Common Shares with Admis...
About this update from Southern Energy Corp.
[{"type":"text","content":"\n \n \n \n Southern Energy Corp. Announces Intention for Secondary Quote of Common Shares with Admission to Trading on AIM\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\ntable p, #divContent table p\n{\nmargin: 0px;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /\n \n THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION./\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n June 16, 2021\n \n \n /CNW/ -\n \n Southern Energy Corp.\n \n (\"\n \n Southern\n \n \" or the \"\n \n Company\n \n \") (TSXV: SOU), an established producer with natural gas and light oil assets in\n \n Mississippi\n \n and\n \n Alabama\n \n characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in\n \n North America\n \n , is pleased to announce its intention to seek a dual listing of its common shares (the \"\n \n Common Shares\n \n \") with their admission to trading on the London Stock Exchange's AIM market (\"\n \n AIM\n \n \"), subject to preparation of the requisite documentation (the \"\n \n Admission\n \n \"). The Company expects that the Common Shares will begin trading by mid-Summer 2021.\n \n \n The Company is seeking the Admission alongside its current listing on the TSX Venture Exchange (the \"\n \n TSXV\n \n \"), in order to take advantage of AIM's liquidity, as well as to access a broader range of institutional investors. The Admission, which is subject to London Stock Exchange approval, may be completed in conjunction with a placing of Common Shares to predominantly UK-based investors, which in any case would be subject to the receipt of all necessary regulatory approvals, including approval of the TSXV.\n \n \n \n \n Ian Atkinson\n \n , President and Chief Executive Officer of Southern, said:\n \n \n \n \"\n \n We are focused on creating value for our shareholders through acquiring and developing predominantly natural gas assets in the southeast Gulf Coast area of\n \n the United States\n \n . This area provides some of the best commodity...