SOFIA,
BULGARIA, Feb. 17, 2023 /CNW/ - Venture Equity
Bulgaria EAD ("Venture Equity") is pleased to announce that,
between November 2, 2022 and
December 16, 2022, it acquired an
aggregate of 1,842,862
common shares ("Shares") in the capital of
Southern Energy Corp. ("Southern"), an established
natural gas exploration and production company with U.S.-based
assets.
Venture Equity has acquired ownership of 1,842,862 Shares,
representing approximately 1.33% of the presently issued and
outstanding Shares. Immediately prior to the acquisition, Venture
Equity, together with Svetoslav
Bojilov, owned 13,733,372 Shares representing approximately
9.95% of the issued and outstanding Shares.
Following completion of this acquisition, Venture Equity,
together with Svetoslav Bojilov,
owns or controls a total of 15,576,234 Shares, representing
approximately 11.28% of the presently issued and outstanding
Shares.
The securities were acquired in multiple trades through the
facilities of the TSX Venture Exchange (the "TSXV") and the AIM
Market of the London Stock Exchange ("AIM") at prices ranging from
C$0.746 to C$1.117 per share for an aggregate purchase price
of approximately C$1.79 million.
Venture Equity acquired the securities for investment purposes, and
may acquire further Shares, or dispose of its holdings of Shares,
both as investment conditions warrant. Southern is listed on the
TSXV under the symbol "SOU" and on AIM under the symbol "SOUC".
For further details regarding the acquisition of the Shares
described above, see the Early Warning Report dated February 17, 2023 available on Southern's
SEDAR profile.
Venture Equity has its head office at Patriarh Evtimii 22, fl.1
Sofia 1000 Bulgaria.
Southern's head office is located at
Suite 2400, 333 - 7th Avenue S.W.
Calgary, AB T2P 2Z1.
SOURCE Venture Equity Bulgaria EAD
