Southern Energy Corp. Announces EXERCISE OF WARRANTS

CALGARY, AB / ACCESSWIRE / October 27, 2021 / Southern Energy Corp. ("Southern" or the "Company") (SOU:TSXV) (AIM:SOUC), a U.S.-focused, growth-oriented oil and natural gas producer, announces that the Company has issued 625,000 new common shares in the Company ("Common Shares") to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.04 per Common Share.

Application has been made to the London Stock Exchange to admit 625,000 new Common Shares to trading on AIM, which is expected to occur on or around 1 November 2021 ("Admission"). The new Common Shares will rank pari passu with the existing Common Shares.

Following Admission, the issued share capital of the Company will be 362,597,054 Common Shares and this figure may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in or change to their interest in the Company. There are no Common Shares held in treasury and each Common Share entitles the holder to a single vote at general meetings of the Company. Accordingly, on Admission, the total number of voting rights in the Company will be 362,597,054.

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About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.

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SOURCE: Southern Energy Corp.