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.
For further insights into TSE:SOU stock, check out TipRanks’ Stock Analysis page.