*CALGARY, AB / ACCESSWIRE / October 7, 2021 / Southern Energy Corp. *("* Southern* " or the "* Company* ") (SOU:TSXV) (AIM:SOUC), a U.S.-focused, growth-oriented oil and natural gas producer, announces, further to the Company's announcement released earlier today, additional details in respect of the, in aggregate, 11,425,000 options to purchase common shares of the Company to directors, officers and employees of Southern as part of our overall compensation and employee retention program (the "* Options* ").
In aggregate, 8,865,000 of the Options were issued to directors and PDMRs of the Company, as set out below:
*DPDMR*
*Position*
*Options Awarded*
Ian Atkinson
President and CEO (Director)
1,500,000
Calvin Yau
VP Finance & CFO
1,080,000
Erin Buschert
VP Land
1,080,000
Jim McFadyen
VP Operations
1,080,000
Gary McMurren
VP Engineering
1,080,000
Bruce Beynon
Director
435,000
Michael Kohut
Director
435,000
Tamara MacDonald
Director
435,000
Andrew McCreath
Director
435,000
Joseph Nally
Director
435,000
Neil Smith
Director
435,000
Steven Smith
Director
435,000
The Options expire five years from the date of grant, are exercisable at a price of CAD0.07 per common share, and vest as to one third on the grant date and one third on each of the first and second anniversaries of the grant date.
*For further information, please contact* :
*Southern Energy Corp.*
Ian Atkinson (President and CEO)
Calvin Yau (VP Finance and CFO)
+1 (0) 587 287 5401
+1 (0) 587 287 5402
*Strand Hanson Limited - Nominated & Financial Adviser*
James Spinney / James Bellman
*Hannam & Partners - Joint Broker*
Sam Merlin / Ernest Bell
*Canaccord Genuity - Joint Broker*
Henry Fitzgerald-O'Connor / James Asensio
+44 (0) 20 7409 3494
+44 (0) 20 7907 8500
+44 (0) 20 7523 8000
*Camarco*
James Crothers, Billy Clegg, Daniel Sherwen
+44 (0) 20 3757 4980
*About Southern Energy Corp.*
Southern Energy Corp. is an oil and 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.
*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.*
*PDMR NOTIFICATION FORMS*
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Ian Atkinson
*2*
*Reason for the notification*
a)
Position/status
President and Chief Executive Officer (Director)
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
1,500,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Calvin Yau
*2*
*Reason for the notification*
a)
Position/status
VP Finance and CFO
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
1,080,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Erin Buschert
*2*
*Reason for the notification*
a)
Position/status
VP Land
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
1,080,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Jim McFadyen
*2*
*Reason for the notification*
a)
Position/status
VP Operations
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
1,080,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Gary McMurren
*2*
*Reason for the notification*
a)
Position/status
VP Engineering
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
1,080,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Bruce Beynon
*2*
*Reason for the notification*
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
435,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Michael Kohut
*2*
*Reason for the notification*
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
435,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Tamara MacDonald
*2*
*Reason for the notification*
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
435,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Andrew McCreath
*2*
*Reason for the notification*
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
435,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Joseph Nally
*2*
*Reason for the notification*
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
435,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Neil Smith
*2*
*Reason for the notification*
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
435,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
*1*
*Details of the person discharging managerial responsibilities / person closely associated*
a)
Name
Steven Smith
*2*
*Reason for the notification*
a)
Position/status
Director
b)
Initial notification /Amendment
Initial notification
*3*
*Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor*
a)
Name
Southern Energy Corp.
b)
LEI
213800R25GL7J3EBJ698
*4*
*Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted*
a)
Description of the financial instrument, type of instrument
Options to acquire common shares in Southern Energy Corp.
Identification code
CA8428131079
b)
Nature of the transaction
Grant of share options
c)
Price(s) and volume(s)
435,000 options with an exercise price of CAD0.07
d)
Aggregated information
N/A
e)
Date of the transaction
7 October 2021
f)
Place of the transaction
Outside of a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
*SOURCE: *Southern Energy Corp.
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https://www.accesswire.com/667269/Southern-Energy-Corp-Announces-Stock-Option-Grant
Southern Energy Corp. Announces Stock Option Grant
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