SANTIAGO, Chile, Sept. 3, 2009 (GLOBE NEWSWIRE) -- Southern Energy Company, Inc. (Pink Sheets:SOCI) (Frankfurt:8CE), a publicly traded resource exploration company, is pleased to announce that it has closed on the acquisition of one hectare (10,000 sq. m.) at the base of the former major shipping pier in Lota Bay, Chile. The pier is surrounded by the Lota Bay Coal Concessions. The property gives the Company full road, rail, electrical, water and other infrastructure access required for not only a washing and separation plant, but for all components including the sales, pickup, and delivery of the recovered coal from the Lota Bay Coal Concessions.
This acquisition of this property gives the Company the land base to finish the last engineering study and commence the planning for the recovery of coal from the Lota Bay Coal Concessions.
About Southern Energy Company, Inc.
Southern Energy Company, Inc. is a publicly traded resource exploration company. From 2007 to the present the company has been active in seeking out resource opportunities in North and South America to explore, develop, and produce. The Company is currently focused on the acquisition, exploration and development of coal, gold, copper and silver properties throughout South America. Currently, Southern Energy owns the Catalina Silver and Gold Property northwest of Santiago, Chile, and the two Lota Bay Coal Concessions in Lota, Chile. The Company has entered into a joint venture agreement on the Condoryacu Gold, Copper and Silver Property located in Salta Province, Argentina.
Please visit http://www.southernenergycompany.com for more information.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Southern Energy Company, Inc. please refer to its Web site at http://www.southernenergycompany.com.