NEW YORK, Oct. 14, 2022 — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Southern Energy Corp. (“Southern”) (TSX-V: SOU; AIM: SOUC; OTCQX: SOUTF), a natural gas exploration and production company, has qualified to trade on the OTCQX® Best Market. Southern Energy Corp. upgraded to OTCQX from the Pink® market.
Southern Energy Corp. begins trading today on OTCQX under the symbol “SOUTF.”
Companies who want to offer transparent trading to their American investors should upgrade to the OTCQX Market. Simplified market standards allow businesses listed on certified international exchanges to use their home market reporting to make their data available in the United States. Companies must adhere to best practices in corporate governance, meet strict financial criteria, and show that they have complied with all applicable securities laws to be eligible for OTCQX.
Ian Atkinson, President and CEO of Southern, said, “We are thrilled to reach the milestone of trading on OTCQX as this will make it easier for our U.S. investors to invest in Southern as we strive to unlock shareholder value through our long-term development drilling program in Gwinville.”
JWTT Inc. acted as the company’s OTCQX sponsor.
About Southern Energy Corp.
Southern Energy Corp conducts natural gas exploration and production. Southern primarily focuses on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of East Texas, Louisiana, and Mississippi. The company’s management team has a long and successful history of working together. It has significantly increased shareholder value through accretive acquisitions, optimization of existing oil and gas fields, and re-development plans that involve horizontal drilling and multi-staged fracture completion techniques.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide the critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
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