Southern Vitality Corp. is happy to announce its intention to request a double itemizing of its peculiar shares with their admission to buying and selling on the AIM market of the London Inventory Alternate, topic to the preparation of the required documentation.
Southern vitality firm (“From South“or the”Firm“) (TSXV: SOU), a longtime producer with pure fuel and light-weight oil property in Mississippi and Alabama characterised by a steady and low-decline manufacturing base, a big, low-risk drilling stock and strategic entry to the perfect uncooked materials costs in North America, is happy to announce its intention to request a double itemizing of its peculiar shares (the “Peculiar actions“) with their admission to buying and selling on the AIM market of the London Inventory Alternate (“GOAL“), topic to the preparation of the required documentation (the”AdmissionThe Firm expects the frequent shares to start buying and selling by mid-summer 2021.
The Firm is searching for admission together with its present itemizing on the TSX Enterprise Alternate (the “TSXV“), As a way to benefit from AIM’s liquidity, in addition to to entry a wider vary of institutional traders. Admission, which is topic to the approval of the London Inventory Alternate, could also be effected together with a placement of Widespread Shares with traders based within the UK, which in any occasion can be topic to acquiring all obligatory regulatory approvals, together with TSXV approval.
Ian atkinson, President and CEO of Southern, mentioned:
“We’re targeted on creating worth for our shareholders by buying and growing primarily pure fuel property within the South East Gulf Coast area. United States. This space provides a few of the finest commodity costs in North America in addition to an abundance of top of the range, underdeveloped standard property. In our view, a secondary itemizing on AIM will improve liquidity and permit us to broaden our shareholder base at a time when the vitality market is positioned for asset consolidation. After finishing the current refinancing of our senior debt, Southern is in a robust monetary place to speed up our progress plans via consolidation. “
“Our present property supply low decline, steady money stream and important natural progress potential when long-term commodity costs assist progress and our workforce has a confirmed monitor report of making worth by buying, optimizing and growing some of these property. “
“I’m very enthusiastic about the way forward for Southern and stay up for persevering with to supply one thing distinctive and compelling to the TSXV and AIM markets for shareholders. We stay 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 unprecedented 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 www.sedar.com.
About Southern Vitality Corp.
Southern Vitality Corp. is an oil and pure fuel exploration and manufacturing firm. Southern’s major focus is on the acquisition and growth of standard gentle oil and pure fuel assets within the southeastern area of the Gulf States of United States. Our administration workforce has an extended and profitable historical past of collaboration and has created important shareholder worth via accretive acquisitions, optimization of current oil and pure fuel fields and the usage of horizontal drilling strategies. and multi-stage fracture completion.
ADVICE TO THE READER
No supply. This press launch is for informational functions solely and isn’t supposed to and doesn’t represent, or kind a part of any supply 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 get rid of 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 usually incorporates statements with phrases corresponding to “anticipate”, “consider”, “count on”, “plan”, “intend”, “estimate”, “suggest”, “undertaking” or related phrases suggesting outcomes or statements a couple of prospect. The forward-looking info contained on this press launch consists of, with out limitation, the intention of the Firm to pursue the Admission and to carry a unprecedented assembly of shareholders on this regard, the potential benefits of the Admission, the completion of a simultaneous placement of Widespread Shares, expectations concerning 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 concerning the well timed admission and receipt of all required regulatory and third-party approvals, together with together with AIM approval. . Whereas Southern believes that the expectations and assumptions upon which forward-looking statements are primarily based are cheap, forward-looking statements shouldn’t be relied on unduly as Southern can not assure that they may show to be right. As a result of forward-looking statements cope with future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Precise outcomes might differ materially from these presently anticipated on account of plenty of elements and dangers. These embody, however aren’t restricted to: dangers related to the oil and fuel business generally (eg operational dangers in growth, exploration and manufacturing); persistent detrimental results of the COVID-19 pandemic on normal 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 extra 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 considerations arising from the COVID-19 pandemic ; constraint within the availability of companies; fluctuations in commodity costs and alternate charges; adjustments in laws affecting the oil and fuel business; opposed climate situations or ice breakup; and uncertainties ensuing from delays or potential adjustments in plans for exploration or growth tasks or capital expenditures. The opposite dangers going through the Firm are described in additional element in Southern’s annual info kind for the yr ended. December 31, 2019, which is on the market underneath the Firm’s SEDAR profile at www.sedar.com. 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 Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Disclosure of this announcement just isn’t made, and has not been permitted, by any individual licensed 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 supposed for individuals outdoors the UK and shouldn’t be acted upon or relied upon by individuals within the UK, and specifically by any one that just isn’t (a) an funding skilled falling underneath article 19, paragraph 5, of the Monetary Promotion Act 2000 of 2005, as amended (the “ Order “), (b) an individual who falls throughout the scope of Article 49 (2) (a) to (d) (rich corporations, unincorporated associations, and many others.) of the Order, or (c) an individual to whom it could in any other case be legally distributed for the needs of the order (all such individuals being referred to collectively 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 proposal to promote or subscribe for Firm securities.
Any subscription or buy of Peculiar Shares have to be made solely on the premise of the knowledge contained within the closing Admission Doc which can be revealed 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 vary. 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 of as a type of enterprise 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 permitted 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 concerning the Admission. or another issues raised on this announcement.
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