Pieridae Energy Ltd.

Pieridae Energy Limited In light of the recent share price decline, Pieridae would like to confirm that there have been no material adverse changes in its business. As Pieridae’s management does not believe the current trading price of the Corporation’s shares properly reflects the inherent value of the Corporation’s investments, management reiterates that key project milestones achieved for its flagship [...]

Pieridae Energy Ltd. released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro liquefied natural gas Project. In 2018, the company was issued a permit to construct the facility, received US$1.5 billion in additional conditional loan support from the German Government, closed its purchase of Ikkuma Resources Corp. to obtain a portion of [...]

Pieridae Energy Ltd. is pleased to announce that the respected global engineering firm of Kellogg Brown & Root Limited has been engaged to perform a review of an amended version of the previously prepared front-end engineering and design study for the proposed Goldboro LNG facility. KBR will also conduct an open-book estimate necessary for entering into a lump sum turnkey engineering, procurement and construction [...]

Pieridae Energy Ltd. is pleased to announce that it has issued 320,000 common shares at a price of $2.00 per share , for incremental gross proceeds of $640,000, pursuant to the partial exercise of an over-allotment option granted by the Company to a syndicate of investment dealers co-led by KES 7 Capital Inc., National Bank Financial Inc. and Laurentian Bank Securities Inc. in connection with the Company’s [...]

Pieridae Energy Ltd. is pleased to announce that it has closed its previously announced brokered private placement of common shares of the Company for gross proceeds of approximately $15.2 million and partially closed its non-brokered private placement of common shares for additional gross proceeds of approximately $2.7 million for aggregate gross proceeds of approximately $17.9 million. The over-allotment option is [...]

Pieridae Energy Ltd. is pleased to announce that it has been advised by the syndicate of investment dealers co-led by KES 7 Capital Inc. and National Bank Financial Inc. and including Laurentian Bank Securities Inc. that the previously announced brokered private placement of up to 7,500,000 common shares at a price of $2.00 per share for gross proceeds of up to $15.0 million was met with strong investor interest and was [...]

Pieridae Energy Ltd. is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by KES 7 Capital Inc. , National Bank Financial Inc. , and Laurentian Bank Securities Inc. with KES 7 and NBF acting as joint book runners, in connection with a commercially reasonable efforts agency private placement of up to 7,500,000 common shares at a price of $2.00 per share for gross [...]

Pieridae Energy Ltd. is pleased to announce that the Nova Scotia Mi’kmaq Benefits Agreement which it negotiated with the Assembly of Nova Scotia Mi’kmaq Chiefs has now been ratified. “We are looking forward to collaborating with the Mi’kmaq of Nova Scotia, and their leadership, in realizing for them the benefits of this important project,” said Alfred Sorensen, CEO of Pieridae. This Benefits [...]

Briko Energy Corp. commenced operations today as a new junior oil and gas exploration and development company. Briko was formed as a result of a plan of arrangement involving Ikkuma Resources Corp., Pieridae Energy Ltd., Briko and the shareholders of Ikkuma. Pursuant to the Arrangement, Pieridae acquired all of Ikkuma's outstanding shares. The former shareholders of Ikkuma received, for each Ikkuma Share held: 0.1926 of [...]

Pieridae Energy Ltd. and Ikkuma Resources Corp. announce that they have completed the previously announced arrangement pursuant to which Pieridae acquired all of the issued and outstanding shares of Ikkuma by way of a plan of arrangement under section 193 of the Business Corporations Act . The Arrangement was approved by shareholders of Ikkuma at a special meeting of Ikkuma Shareholders held on December 17, 2018 and by [...]