10th Aug 2021 19:25
(Alliance News) - Southern Energy Corp on Tuesday said it has started trading on London's AIM market.
The North American gas-weighted producer said its shares will continue to trade on the TSX Venture Exchange in Canada. It now has total number of shares of 361.3 million.
With this dual-listing, Southern Energy said it intends to broaden its shareholder base and public profile as well as provide the company with an additional platform from which it can advance its strategy of building value though the consolidation and development of gas & oil assets in south-eastern US.
"With this admission, our intention is clear: facilitate further growth. Aligned to our shareholders, our management team are clear on how to achieve this and we look forward to deploying a strategy of using significant organic and inorganic growth opportunities, in our core area of expertise, from which we can build upon our existing production portfolio," said Chief Executive & President Ian Atkinson.
The stock closed at 6.5 pence a share in London on Tuesday.
By Evelina Grecenko; [email protected]
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