Southern Energy Corp.

Canaccord Genuity’s Corporate Broking team is pleased to announce it has acted as Joint Bookrunner to Southern Energy Corp. (“Southern”) in its $31m financing on AIM and TSX-V.

Southern is a natural gas exploration and production company with 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.

The transaction involved a Placing on AIM via an Accelerated Book Build raising $13.5 million (which was upsized from $12.5 million) and a concurrent Bought Deal for $17.5 million on TSX-V. Canaccord Genuity was Joint Bookrunner to the AIM Placing and has a syndicate position on the TSX-V Bought Deal. Southern intends to use the net proceeds of the offering for capital expenditure relating to extending and accelerating the planned drilling programme at Gwinville and for general working capital purposes.

Southern is listed on the AIM market under the ticker SOUC and the TSX Venture Exchange under the ticker SOU. Southern is headquartered in Calgary, Canada.

The team was led by Henry Fitzgerald-O’Connor and supported by Gerel Bastin, and Gordon Hamilton. ECM execution was undertaken by Sam Lucas and Darren Furby. The UK sales teams for both deals principally constituted Ben Knott, James Cooke and Joel Bayley. Research is covered by Charlie Sharp on both companies. Support on the Canadian element of the Southern transaction was led by Anthony Petrucci out of Calgary.