Southern Energy Corp. Announces Commencement of OTCQX Trading and Participation in the Schachter "Catch the Energy" Conference

Rhea-AI Summary

Southern Energy Corp. has successfully graduated to the OTCQX Best Market from the Pink Open Market, allowing its common shares to trade under the ticker SOUTF. This upgrade simplifies investment for U.S. shareholders and follows stringent financial and governance standards. The company continues to trade on the TSX Venture Exchange and the AIM market. CEO Ian Atkinson highlighted this milestone as a means to enhance shareholder value through future development initiatives, particularly at their Gwinville site.

Positive

• Graduation to OTCQX Best Market enhances visibility for U.S. investors.
• Compliance with high financial and governance standards may boost investor confidence.

Negative

• None.

CALGARY, AB / ACCESSWIRE / October 14, 2022 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF), a U.S.-focused, growth-oriented natural gas producer, is pleased to announce that its common shares of no par value in the capital of the Company ("Common Shares") are now trading on the OTCQX® Best Market under the ticker symbol of SOUTF. Southern's Common Shares will continue to trade on the TSX Venture Exchange under the symbol SOU, and on the AIM market of the London Stock Exchange under the symbol SOUC.

OTCQX Graduation

Southern graduated to OTCQX from the Pink® Open Market. Investors based in the U.S. can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. For companies listed on a qualified international exchange, such as the TSXV and AIM, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. JWTT Inc. acted as the Company's OTCQX sponsor.

Conference Participation

The Company is also pleased to announce that Calvin Yau, Southern's Chief Financial Officer, will be presenting at the Schachter "Catch The Energy" Conference at Mount Royal University in Calgary, Alberta on October 22, 2022.

Ian Atkinson, CEO and President of Southern Energy, commented:

"We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for our U.S. investors to invest in Southern as we look to unlock shareholder value through our long-term development drilling program at Gwinville."

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.

For further information about Southern, please visit our website at www.southernenergycorp.com or contact:

Southern Energy Corp.

Ian Atkinson (President and CEO) +1 587 287 5401
Calvin Yau (CFO) +1 587 287 5402

Strand Hanson Limited - Nominated & Financial Adviser +44 (0) 20 7409 3494

James Spinney / James Bellman / Rob Patrick

Canaccord Genuity - Joint Broker +44 (0) 20 7523 8000

Henry Fitzgerald-O'Connor / Gerel Bastin

Hannam & Partners - Joint Broker +44 (0) 20 7907 8500

Samuel Merlin / Ernest Bell

Camarco +44 (0) 20 3757 4980

Owen Roberts / Billy Clegg / Hugo Liddy

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Southern Energy Corp.

View source version on accesswire.com:
https://www.accesswire.com/720422/Southern-Energy-Corp-Announces-Commencement-of-OTCQX-Trading-and-Participation-in-the-Schachter-Catch-the-Energy-Conference

FAQ

What does the upgrade to OTCQX mean for Southern Energy Corp. (SOUTF)?

The upgrade to OTCQX allows Southern Energy Corp. to trade on a more reputable market, improving visibility and making it easier for U.S. investors to buy shares.

When did Southern Energy Corp. start trading on OTCQX?

Southern Energy Corp. began trading on the OTCQX Best Market on October 14, 2022.

What is the ticker symbol for Southern Energy Corp. on the OTCQX?

The ticker symbol for Southern Energy Corp. on the OTCQX is SOUTF.

What conference will Southern Energy Corp.'s CFO be presenting at?

Southern Energy Corp.'s CFO will be presenting at the Schachter 'Catch The Energy' Conference on October 22, 2022.