Southern Vitality Corp. Pronounces Intention to Secondary Itemizing of Odd Shares with Admission to Buying and selling on AIM | 2021-06-16 | Press Releases


CALGARY, AB , June 16, 2021 / CNW / – Southern power firm (” From South “or the” Firm “) (TSXV: SOU), a longtime producer with pure gasoline and lightweight oil belongings in Mississippi and Alabama characterised by a secure and low-decline manufacturing base, a big, low-risk drilling stock and strategic entry to the most effective uncooked materials costs in North America , is happy to announce its intention to request a double itemizing of its strange shares (the ” Odd actions “) with their admission to buying and selling on the AIM market of the London Inventory Change (” GOAL “), topic to the preparation of the required documentation (the” Admission The Firm expects the widespread shares to start buying and selling by mid-summer 2021.

The Firm is searching for admission at the side of its present itemizing on the TSX Enterprise Change (the ” TSXV “), to be able to make the most of AIM’s liquidity, in addition to entry a wider vary of institutional traders. Admission, which is topic to the approval of the London Inventory Change, could also be accomplished at the side of a placement of Investor-based Frequent Shares, which in any occasion can be topic to acquiring all needed regulatory approvals, together with TSXV approval.

Ian atkinson , President and CEO of Southern, mentioned:

We’re centered on creating worth for our shareholders by buying and growing primarily pure gasoline belongings within the South East Gulf Coast area. United States . This space gives among the finest commodity costs in North America in addition to an abundance of top quality, underdeveloped typical belongings. In our view, a secondary itemizing on AIM will improve liquidity and permit us to broaden our shareholder base at a time when the power market is positioned for asset consolidation. After finishing the current refinancing of our senior debt, Southern is in a powerful monetary place to speed up our development plans by consolidation. ”

“Our present belongings provide low decline, secure money circulate and important natural development potential when long-term commodity costs assist development and our group is used to creating worth by buying, optimizing and growing these kinds of belongings. ”

“I’m very enthusiastic about the way forward for Southern and sit up for persevering with to supply one thing distinctive and compelling to the TSXV and AIM markets for shareholders. We sit up for offering additional updates on Southern’s progress within the close to future. ”

Strand Hanson Restricted (” Strand hanson “) is engaged to behave because the Firm’s designated adviser for admission.

The Firm will maintain a rare assembly of shareholders on Wednesday July 7, 2021 modify the Articles of Affiliation with a view to Admission. A administration info round and assembly supplies have been mailed to registered shareholders of the Firm and filed on SEDAR at .

About Southern Vitality Corp.

Southern Vitality Corp. is an oil and pure gasoline exploration and manufacturing firm. Southern’s main focus is on the acquisition and improvement of typical gentle oil and pure gasoline assets within the southeastern area of the Gulf States of United States . Our administration group has a protracted and profitable historical past of collaboration and has created important shareholder worth by accretive acquisitions, optimization of present oil and pure gasoline fields and the usage of horizontal drilling methods. and multi-stage fracture completion.


No provide. This press launch is for informational functions solely and isn’t meant to and doesn’t represent, or type a part of any provide or invitation to buy, subscribe or in any other case purchase or assign, or any solicitation to buy or subscription or in any other case purchase or eliminate any securities within the Firm’s capital.

Ahead-looking statements. Sure info contained on this press launch constitutes forward-looking info underneath relevant securities legal guidelines. Ahead-looking info typically comprises statements with phrases similar to “anticipate”, “imagine”, “anticipate”, “plan”, “intend”, “estimate”, “suggest”, “plan” or comparable phrases suggesting future outcomes or statements a couple of prospect. The forward-looking info contained on this press launch contains, with out limitation, the intention of the Firm to pursue the Admission and to carry a rare assembly of shareholders on this regard, the potential benefits of the Admission, the completion of a simultaneous placement of Frequent Shares, expectations relating to commodity costs and the enterprise of the Firm generally. The forward-looking statements contained on this press launch are primarily based on sure key expectations and assumptions made by Southern, together with the completion of ultimate documentation relating to the well timed admission and receipt of all required regulatory and third-party approvals, together with together with AIM approval. . Whereas Southern believes the expectations and assumptions upon which forward-looking statements are primarily based to be affordable, forward-looking statements shouldn’t be relied upon as Southern can provide no assurance that they may show to be right. As a result of forward-looking statements take care of future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Precise outcomes may differ materially from these at the moment anticipated resulting from quite a few elements and dangers. These embody, however will not be restricted to: dangers related to the oil and gasoline business generally (eg operational dangers related to improvement, exploration and manufacturing); persistent damaging results of the COVID-19 pandemic on common market situations and commodity costs; the potential of the COVID-19 preventive measures required to delay the resumption of deliveries on the Mechanicsburg assortment system; continuation of the destabilizing motion of OPEC + members resulting in an additional fall in oil costs; the uncertainty of reserve estimates; the uncertainty of estimates and projections regarding manufacturing, prices and bills, and dangers to well being, security and the surroundings, particularly given the general public well being issues arising from the COVID-19 pandemic ; constraint within the availability of companies; fluctuations in commodity costs and trade charges; adjustments in laws impacting the oil and gasoline business in adversarial climate situations or break-up; and uncertainties ensuing from delays or potential adjustments in plans for exploration or improvement tasks or capital expenditures. The opposite dangers dealing with the Firm are described in additional element in Southern’s annual info type for the yr ended. December 31, 2019 , which is offered underneath the Firm’s SEDAR profile at . The forward-looking info contained on this press launch is made as of the date hereof and Southern assumes no obligation to publicly replace or revise the forward-looking info, whether or not on account of new info, future occasions or in any other case, besides as required by securities legal guidelines. The forward-looking info contained on this press launch is expressly certified by this cautionary assertion.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.


Disclosure of this announcement shouldn’t be made, and has not been permitted, by any individual approved for the needs of part 21 of the UK Monetary Companies and Markets Act 2000.

The contents of this announcement, which have been ready by the Firm and are underneath its sole duty, haven’t been permitted by Strand Hanson for the needs of Part 21 (2) (b) of the Monetary Companies and Markets Act 2000 (as amended)

This announcement is just meant for folks exterior the UK and shouldn’t be acted upon or invoked by individuals within the UK , and specifically by any one who shouldn’t be (a) an funding skilled coated by Article 19, paragraph 5, of the 2005 Ordinance on the Legislation on Monetary Companies and Markets (Monetary Promotion ) of 2005, as amended (the ” Order “), (b) an individual who falls underneath Article 49 (2) (a) to (d) (rich corporations, unincorporated associations, and so on.) of the Order, or (c) an individual at which can in any other case be legally distributed for the needs of the Order (all such individuals being collectively known as ” Individuals involved “).

Any funding or funding exercise to which this announcement relates is just accessible to Related Individuals and can solely be undertaken with Related Individuals. This announcement doesn’t in itself represent a suggestion to promote or subscribe for Firm securities.

Any subscription or buy of Odd Shares have to be made solely on the premise of the data contained within the closing Admission Doc which will probably be printed by the Firm within the context of the Admission. The data on this commercial is for background functions solely and doesn’t declare to be full or full. No confidence can or must be positioned for any objective by any means within the info contained on this commercial or its accuracy, completeness or equity. The data contained on this announcement is topic to alter. Nevertheless, the Firm doesn’t undertake to supply the recipient of this commercial with further info, nor to replace this commercial or to right any inaccuracies, and the distribution of this commercial shouldn’t be thought-about as a type of endeavor on the a part of the Firm to proceed with the Admission or with any transaction or association referred to on this press launch. This announcement has not been permitted by any competent regulatory authority.

Strand Hanson, which is allowed and controlled by the Monetary Conduct Authority within the UK , acts completely for the Firm and nobody else in reference to the Admission, and Strand Hanson won’t be liable to anybody aside from the Firm for offering the protections afforded to its shoppers or for offering recommendation relating to the Admission. or every other issues raised on this announcement.

SOURCE Southern Vitality Corp.

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