New Risk • Jun 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$733k). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.07m market cap, or US$5.07m). Announcement • Jun 05
Southern Empire Resources Corp. announced that it has received CAD 1.830654 million in funding On June 5, 2026, Southern Empire Resources Corp. closed the transaction. The transaction consists of issuance of 26,152,200 common shares at a price of CAD 0.07 per Common Share for gross proceeds of up to CAD 1,830,654. This represents an oversubscription of CAD80,654 from the amount previously announced on May 26, 2026. In connection with the offering, the Company paid a total finders fees of CAD 39,000. Dale Wallster, the Chief Executive Officer and a director of the Company, subscribed for 437,967 Common Shares in the Offering for CAD 30,657.69 through Mackenzie Corporation. Andrew Davidson, the Chief Financial Officer and a director of the Company, subscribed for 1,200,000 Common Shares in the offering for CAD 84,000 through Jaelky Holdings Inc. Announcement • May 06
Southern Empire Resources Corp., Annual General Meeting, Jun 25, 2026 Southern Empire Resources Corp., Annual General Meeting, Jun 25, 2026. Location: british columbia, vancouver Canada 
