CALGARY, AB — September 4, 2026 — Leads & Copy — Southern Energy Corp. has granted an aggregate of 6,900,000 restricted share awards (RSAs) as part of its ongoing compensation and employee retention initiatives. The grants were made under the Company’s Share Award Incentive Plan.
The RSAs vest in three equal tranches, with one-third vesting on each of the first, second, and third anniversaries of the grant date. Upon vesting, holders are eligible to receive a cash payment or an equivalent value in fully paid common shares of Southern Energy Corp., at the Company’s discretion. The value will be based on the closing market price of the Common Shares on the TSXV on the business day preceding the payment.
Of the total RSAs granted, 2,500,000 were allocated to directors and individuals discharging managerial responsibilities (PDMRs) within the Company. Key recipients include Ian Atkinson, President and CEO, who received 800,000 RSAs. Calvin Yau, CFO, and Gary McMurren, COO, were each granted 700,000 RSAs. Bruce Beynon, Joseph Nally, and Steven Smith, all Non-Executive Directors, received 100,000 RSAs each.
Southern Energy Corp. has also announced its Annual Meeting of Shareholders, scheduled for Wednesday, September 30, 2026, at 10:00 a.m. Calgary time. The meeting will take place at the Company’s offices and will also be available via webcast through Zoom. Formal notice of the meeting, including the associated information circular detailing resolutions for prospective ‘control person’ approval and proposed board changes, is accessible on the Company’s website and on SEDAR+.
Southern Energy Corp. is engaged in natural gas exploration and production, with a focus on conventional natural gas and light oil resources in Mississippi, Louisiana, and East Texas. The company highlights its stable, low-decline production base, substantial low-risk drilling inventory, and strategic access to premium North American commodity pricing. Its management team possesses a proven track record in creating shareholder value through acquisitions, field optimization, and redevelopment strategies, including horizontal drilling and multi-staged fracture completion techniques.
Source: Southern Energy Corp.
