Southern Vitality Corp. broadcasts its intention to secondary itemizing of extraordinary shares with admission to buying and selling on AIM

/THIS ADVERTISEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR SUBSCRIBE SECURITIES IN ANY JURISDICTION.

CALGARY, AB, June 16, 2021 / CNW / – Southern power firm (“From South“or the”Firm“) (TSXV: SOU), a longtime producer with pure fuel and lightweight oil belongings 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 extraordinary shares (the “Abnormal 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 in search of admission at the side of its present itemizing on the TSX Enterprise Alternate (the “TSXV“), to be able to benefit from AIM’s liquidity, in addition to entry a wider vary of institutional buyers. Admission, which is topic to the approval of the London Inventory Alternate, could also be accomplished at the side of a placement of predominantly UK Abnormal Shares – investor primarily based, which in any occasion could 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 fuel belongings within the South East Gulf Coast area. United States. This space presents a number of the greatest commodity costs in North America in addition to an abundance of top of the range, 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 progress plans by way of consolidation. “

“Our present belongings supply low decline, steady money stream and important natural progress potential when long-term commodity costs develop into favorable for progress and our staff is used to creating worth by buying, by optimizing and growing a majority of these belongings. “

“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 rare assembly of shareholders on Wednesday July 7, 2021 modify the Articles of Affiliation with a view to Admission. A administration data 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 improvement of typical mild oil and pure fuel sources within the southeastern area of the Gulf States of United States. Our administration staff has an extended and profitable historical past of collaboration and has created important shareholder worth by way of accretive acquisitions, optimization of present 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 meant 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 data contained on this press launch constitutes forward-looking data underneath relevant securities legal guidelines. Ahead-looking data typically accommodates statements with phrases akin to “anticipate”, “imagine”, “anticipate”, “plan”, “intend”, “estimate”, “suggest”, “plan” or comparable phrases suggesting future outcomes or statements a few prospect. The forward-looking data contained on this press launch consists of, 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 Widespread 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 that the expectations and assumptions upon which forward-looking statements are primarily based are cheap, forward-looking statements shouldn’t be relied upon as a result of Southern can not assure that they are going to show to be appropriate. As a result of forward-looking statements take care of future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Precise outcomes may differ materially from these at the moment anticipated resulting from various elements and dangers. These embrace, however aren’t restricted to: dangers related to the oil and fuel trade generally (eg operational dangers in improvement, exploration and manufacturing); persistent destructive results of the COVID-19 pandemic on normal market circumstances 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 referring to manufacturing, prices and bills, and dangers to well being, security and the atmosphere, 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 alternate charges; adjustments in laws affecting the oil and fuel trade; adversarial climate circumstances or ice breakup; and uncertainties ensuing from delays or potential adjustments in plans for exploration or improvement tasks or capital expenditures. The opposite dangers going through the corporate are described in additional element in Southern’s annual data kind for the yr ended. December 31, 2019, which is accessible underneath the Firm’s SEDAR profile at www.sedar.com. The forward-looking data contained on this press launch is made as of the date hereof and Southern assumes no obligation to publicly replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, besides as required by securities legal guidelines. The forward-looking data contained on this press launch is expressly certified by this cautionary assertion.

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

IMPORTANT INFORMATION
Disclosure of this announcement will not be made, and has not been authorized, by any particular person licensed for the needs of part 21 of the UK Monetary Providers and Markets Act 2000.

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

This announcement is meant just for folks exterior the UK and shouldn’t be acted upon or invoked by individuals within the UK, and specifically by any one that will not be (a) an funding skilled lined by Article 19, paragraph 5, of the 2005 Ordinance on the Regulation on Monetary Providers and Markets (Monetary Promotion ) of 2005, as amended (the “ Order “), (b) an individual who falls underneath Article 49 (2) (a) to (d) (rich firms, unincorporated associations, and so on.) of the Order, or (c) an individual at which it might 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 simply 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 Abnormal Shares should be made solely on the premise of the data contained within the ultimate Admission Doc which shall 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 data contained on this commercial or its accuracy, completeness or equity. The data contained on this announcement is topic to alter. Nonetheless, the Firm doesn’t undertake to supply the recipient of this commercial with further data, nor to replace this commercial or to appropriate any inaccuracies, and the distribution of this commercial shouldn’t be thought-about 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 authorized by any competent regulatory authority.

Strand Hanson, which is permitted and controlled by the Monetary Conduct Authority within the UK, acts solely for the Firm and nobody else in reference to the Admission, and Strand Hanson is not going to be liable to anybody apart from the Firm for offering the protections afforded to its purchasers or for offering recommendation relating to the Admission. or every other issues raised on this announcement.

SOURCE Southern Vitality Corp.

For additional data: Southern Vitality Corp., Suite 2400, 333 – seventh Avenue SW, Calgary, Alberta T2P 2Z1, Ian Atkinson, President and CEO, Tel. : (587) 287-5401; or Calvin Yau, vp of finance and chief monetary officer, tel. : (587) 287-5402, www.southernenergycorp.com

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