Standard Exploration Ltd. Announces Sedar Filing of Filing Statement

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[{"type":"text","content":"\n\n\n\nStandard Exploration Ltd. Announces Sedar Filing of Filing Statement\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}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Dec. 19, 2018\n\n\n\n/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./\n CALGARY, Dec. 19, 2018 /CNW/ - Standard Exploration Ltd. (\"Standard\" or the \"Corporation\") (SDE: TSXV) is pleased to announce that it has filed a filing statement (the \"Filing Statement\") under the Corporation's profile on SEDAR at www.sedar.com in respect of the non-brokered private placement of common shares (\"Common Shares\") and units of the Corporation; (ii) the appointment of a new management team and board of directors; and (iii) the acquisition by the Corporation of all of the limited partnership units of Gulf Pine Energy Partners, LP (collectively, the \"Transaction\"). \nName Change and Consolidation\nSubsequent to the completion of the Transaction, the Corporation intends to (i) complete a change of name of the Corporation from \"Standard Exploration Ltd.\" to \"Southern Energy Corp.\" (the \"Name Change\"); and (ii) complete a consolidation of the Common Shares on the basis of one post-consolidation Common Share for up to every 5 pre-consolidation Common Shares (the \"Consolidation\"). The Name Change and the Consolidation have each received the approval of the shareholders and is subject to the approval of the TSX Venture Exchange (the \"TSXV\").\nTrading Halt\nThe Common Shares of the Corporation have been halted from trading in accordance with the policies of the TSXV. The Corporation anticipates the halt to be lifted on January 2, 2019.\nReader Advisory\nCompletion of the Transaction is subject to a number of conditions, including but not limited to, final TSXV acceptance.  There can be no assurance that the Transaction will be completed as proposed or at all.\nInvestors are cautioned that, except as disclosed in the Filing Statement, any informati...

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