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Southern Energy Corp. (SOU.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0750+0.0100 (+15.38%)
At close: 1:50PM EDT
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Previous Close0.0650
Open0.0700
Bid0.0650 x 0
Ask0.0750 x 0
Day's Range0.0700 - 0.0750
52 Week Range0.0200 - 0.0750
Volume1,081,133
Avg. Volume292,093
Market Cap26.803M
Beta (5Y Monthly)1.45
PE Ratio (TTM)N/A
EPS (TTM)-0.0510
Earnings DateMay 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Southern Energy Corp. Announces Q4 and Year End 2020 Financial and Operating Results and  Closing of Equity Financing and Debt Restructuring
    CNW Group

    Southern Energy Corp. Announces Q4 and Year End 2020 Financial and Operating Results and Closing of Equity Financing and Debt Restructuring

    Southern Energy Corp. ("Southern" or the "Company") (TSXV: SOU) today announces the release of its financial and operating results for the fourth quarter and year ended December 31, 2020. The Company also announces the completion of its previously announced non-brokered private placement (the "Private Placement") for gross proceeds of C$5.5 million and the restructuring of its indebtedness through the payout and discharge of the existing credit facility ("Old Facility") with a cash payment of US$8.0 million, plus accrued interest, financed through a new senior secured term loan of up to US$8.5 million ("New Facility") and a portion of the proceeds from the Private Placement, such that Southern's outstanding first lien debt balance was reduced from US$12.7 million to US$5.5 million.

  • Southern Energy Corp. Announces Up to $6.0 Million Unit Financing, Debt Restructuring and Addition of Paul Baay as Special Advisor to the Board of Directors
    CNW Group

    Southern Energy Corp. Announces Up to $6.0 Million Unit Financing, Debt Restructuring and Addition of Paul Baay as Special Advisor to the Board of Directors

    Southern Energy Corp. ("Southern" or the "Company") (TSXV: SOU) is pleased to announce a non-brokered private placement (the "Private Placement") for gross proceeds of up to C$6.0 million. Pursuant to the Private Placement, Southern will issue up to 150,000,000 units ("Units") of the Company at a price of C$0.04 per Unit, each Unit being comprised of one common share of Southern (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of C$0.04 for a period of two years from the date of issuance. The Company also announces the proposed restructuring of its indebtedness, including the execution of a commitment letter with Invico Diversified Income Limited Partnership ("Invico"), a funding vehicle managed by Invico Capital Corporation, a Calgary based private capital manager with C$950 million of assets under management, in respect of a senior secured term loan of up to US$8.5 million ("New Facility") and an agreement with its existing lenders in respect of the payout and discharge of the Company's existing credit facility ("Old Facility") of US$12.7 million currently outstanding for a total of approximately US$8.1 million including accrued interest and fees.

  • Government of Canada Invests $18 Million to Virtual Health Care Services in British Columbia
    CNW Group

    Government of Canada Invests $18 Million to Virtual Health Care Services in British Columbia

    5, 2021 /CNW/ - Canada's universal, publicly funded health care system is a source of pride for Canadians. The Government of Canada is working closely with provincial and territorial governments to strengthen health care and adapt the system to the challenges of delivering health care during the COVID-19 pandemic.