Southern Energy ( (TSE:SOU) ) has shared an update.
Southern Energy Corp. has announced the approval of amendments to its outstanding convertible debentures, following an extraordinary resolution from debenture holders. This amendment is contingent on the completion of a previously announced equity fundraising effort. The changes will allow the conversion of debentures into company units at a revised price, which could potentially impact the company’s financial structure and market positioning. The completion of this amendment is still subject to approval by the TSX Venture Exchange, and the company has also revised the timetable for its fundraising activities.
More about Southern Energy
Southern Energy Corp. operates in the energy sector, focusing on the development and production of oil and natural gas. The company is engaged in activities primarily in North America, with a market focus on expanding its energy resources and enhancing its production capabilities.
YTD Price Performance: -57.00%
Average Trading Volume: 34,364
Technical Sentiment Signal: Buy
Current Market Cap: $7.7M
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