UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 20, 2009
SOUTHERN ENERGY COMPANY, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-20462 95-3746596
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
100 W. Liberty St. 10th Floor
Reno, NV, 89505
(Address of principal executive offices)
Telephone: 800-628-5764
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
CONDORYACU JOINT VENTURE AGREEMENT
On May 31, 2009, the Company entered into a Joint Venture Agreement with Hector
Vittone, a resident of Argentina, to put into production the Condoryacu Gold,
Copper, and Silver Property located in Salta Province, Argentina. Under the
terms of the Joint Venture Agreement, the Company will earn a 50% interest in
the Joint Venture in exchange for a payment of $500,000 plus a funding
commitment of up to $4,500,000 for the Property`s production work program. Per
the Agreement, the Company will be responsible for the cost of putting the
Property into production. In exchange, the Company shall be granted 80% of all
proceeds of net revenue until it has recovered 115% of the total costs of
putting the Property into production. Thereafter, the Company shall receive 50%
of the net proceeds of the Joint Venture.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
ISSUANCE OF 5,000,000 SHARES FOR ACQUISITION OF LOTA BAY COAL CONCESSION
On May 20, 2009 the Company issued and delivered 5,000,000 restricted common
shares of the Company to Maria Ines Moraga Latapiat for the purchase of the Lota
Bay Coal Concession. The 5,000,000 restricted common shares were issued at a
deemed price of $1.50 per share.
ISSUANCE OF 2,000,000 SHARES FOR ACQUISITION OF CATALINA PROPERTY
On March 20, 2009, the Company issued and delivered 2,000,000 restricted common
shares of the Company to Maria Ines Moraga Latapiat for the purchase of the
Catalina Property. The 2,000,000 restricted common shares were issued at a
deemed price of $1.50 per share.
ITEM 5.01 APPOINTMENT OF OFFICERS AND DIRECTORS
ROBERTO PARTARRIEU - DIRECTOR
On June 4, 2009, the Company appointed Roberto Partarrieu as a Director to the
Board of Directors of Southern Energy.
From 1992 to 1994, Mr. Partarrieu worked for Yorkton Securities as the Business
Development Manager for Latin and South America. From 1994 to 1998, he was the
General Manager for Minera Fremont Gold, and was responsible for acquiring 10
mining prospects and managing a multimillion dollar exploration program. From
1998 to 2007, Mr. Partarrieu was the founding partner of Cape S.A., a Chile
based engineering service firm that has represented US companies such as General
Electric and Argo International in Chile and Peru. From 2004 to 2007, he was the
founding partner of Faro S.A., a private Chilean firm engaged in the negotiation
and acquisition of mineral exploration properties, where he successfully
negotiated and concluded multimillion dollar option agreements with North
American mining exploration companies. From 2007 to present, Mr. Partarrieu has
been working as the Senior Development Officer for the Society of Manufacturing
Engineers Education Foundation, based in Dearborn, Michigan. Mr. Partarrieu has
a B.A. and M.A. from George Mason University in Fairfax, Virginia, and has
completed PhD coursework in Economics at Georgetown University in Washington,
DC. Mr. Partarrieu is fluent in English, Spanish and French.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Shell company transactions.
Not applicable.
(d) Exhibits
Exhibit 10.1 Joint Venture Agreement dated May 31, 2009
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SOUTHERN ENERGY COMPANY, INC.
Date: June 4, 2009 /s/ Ricardo Munoz
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President and Director
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