Southern Energy Corp

Southern Energy Corp. announced that all resolutions were duly passed at its annual general and special meeting of shareholders held yesterday, with Paul Baay and Danny Labelle elected to the Board of Directors and Ian Atkinson, R. Steven Smith and John Joseph Nally re-elected. Baay and Labelle were appointed as Non-Executive Directors effective 30 September 2026, while former Chair Bruce Beynon did not stand for re-election and retired from the Board on the same date, with John Joseph Nally appointed Non-Executive Chairman in his place. Shareholders also approved fixing the number of directors at five, the re-appointment of Deloitte LLP as auditor, the Company's stock option plan and share award incentive plan, and, by ordinary resolution of disinterested shareholders excluding the common shares held by TCC 1 Corp., the creation of a new control person that may result from the issuance of new common shares to TCC 1 Corp. on the potential conversion of its US$17 million convertible debenture. By special resolution, shareholders additionally approved a potential consolidation of the Company's common shares on the basis of up to five pre-consolidation common shares for each one post-consolidation common share, which the Board may implement at its discretion at a time to be determined and announced. Baay, who has more than 35 years of oil and gas experience and is currently President and Chief Executive Officer of Touchstone Exploration Inc., does not hold any shares in the Company, while Labelle, a veteran energy executive with more than 28 years of experience, currently holds 31,250 shares.