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Southern Energy Corporation Announces Intention to Seek Admission to AIM
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, I...
About this update from Southern Energy Corp.
[{"type":"text","content":"Southern Energy Corporation Announces Intention to Seek Admission to AIMTHIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION.The communication of this announcement is not being made, and has not been approved, by an authorised person for the purposes of section 21 of the UK Financial Services and Markets Act 2000CALGARY, AB / ACCESSWIRE / July 27, 2021 / Southern Energy Corp. ('Southern Energy', the 'Company' or, together with its subsidiaries, the 'Group'), a North American gas-weighted producer focused on growth, is delighted to confirm its intention to seek a dual listing of its common shares (the 'Common Shares') on the London Stock Exchange's AIM market ('AIM') in addition to its existing listing on the TSX Venture Exchange (TSXV: SOU) ('TSXV').Admission of the Common Shares to trading on AIM ('Admission') is expected to occur at 8:00 a.m. on 10 August 2021 under the TIDM 'SOUC'.Strand Hanson Limited is acting as Nominated and Financial Adviser to the Company, H&P Advisory Limited ('Hannam & Partners') is acting as Financial Adviser and Joint Broker to the Company, and, from Admission, Canaccord Genuity Limited will act as a Joint Broker to the Company.In line with the requirements of the AIM Rules for Companies to have an independent Competent Person's Report ('CPR') prepared within six months of any admission document, the Company has today uploaded a CPR prepared by Netherland, Sewell & Associates, Inc. ('NSAI') dated 25 June 2021 to its Company profile on SEDAR at www.sedar.com. Resource volume estimates contained within this announcement are derived from the CPR.HIGHLIGHTS:Solid foundations to facilitate growthMulti-faceted growth focused company, backed by conventional, profitable, onshore gas-weighted production portfolio located in Mississippi and AlabamaAggregate Gross production attributable to the Group's working interests of approximately 2,150 boe/d, predominantly comprised of 11.9 MMscf/d of gas production (Q1 2021 average) from conventional, low-decline, long-life reserves in fields with abundant i...