Southern Energy Corp V.SOU

Alternate Symbol(s): SOUTF

Energy

Southern Energy Corp. is a Canada-based natural gas exploration and production company. The Company 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. It has three assets in the Mississippi Interior Salt Basin (MISB), which include the Gwinville, Mechanicsburg, and Mount Olive East fields. It operates and owns a working interest in over 12,000 held by the production acres of land in the Gwinville field. It operates and owns a working interest in approximately 12,450 held by the production acres of land in the Gwinville field. The Company operates and owns a working interest in over 3,400 held by production acres of land in the Mechanicsburg field. It owns and operates production from a number of other fields in the MISB within 40 miles of Gwinville, including Greens Creek and Williamsburg South gas fields, along with minor oil production from the Magee field.

TSXV:SOU - Post by User

Southern Energy Corp > MAN

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Comment by DocPaton Jun 23, 2022 4:12pm

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Post# 34778437

RE:MAN

Not really a comment on Southern but rather the Exchange rules. How is raising $30,000,000 at a 20% discount to market not a material event?

The rules should change. Shareholders of record as of the date of signing of the Offering should be able to participate at the financing price for 100% of the shares in hand .. and moreover, the stock should be Stop Traded until the fiancing is closed.

I think it's a good move for Southern, but it does brown me off a bit that I was buying in the market at a 20% premium. Not fair.

JMHO

Best of luck to longs,

Doc.

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