Southern Energy (TSE:SOU) has released an update.
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Southern Energy Corp. has announced an extension of the maturity date for its convertible debentures to June 30, 2025, with an interest rate increase from 8% to 10% per annum starting June 30, 2024. Debentureholders will receive new warrants allowing them to purchase company shares at a set price for a limited time, pending final TSX Venture Exchange approval. These strategic financial moves are aimed at strengthening the company’s capital structure and providing value to its stakeholders.
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