Southern Energy (TSE:SOU) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.