Pieridae Energy Ltd. announces that, subject to the approval of the TSX Venture Exchange, it intends to complete a non-brokered private placement offering to raise $8.0 million the terms of which are detailed below. Pieridae is progressing with its closing of the Arrangement Agreement with Ikkuma Resources Corp.. To that end Pieridae intends to use the proceeds of the Private Placement to finance the closing of the Ikkuma [...]
Pieridae Energy Ltd. announces that, as a result of a review by the Alberta Securities Commission, it has refiled its annual information form for the year ended December 31, 2017 along with the related chief executive officer and chief financial officer certificates. A description of the revisions to the AIF are as follows: Business updates from the June 21, 2018 originally dated AIF to today; Expanded information on the [...]
Pieridae Energy Ltd. is pleased to announce that it has filed its third quarter unaudited condensed interim financial statements and related management’s discussion and analysis for the three- and nine-month periods ended September 30, 2018. Pieridae is a reporting issuer or the equivalent in British Columbia, Alberta and Québec. It is listed on the TSX Venture Exchange under the symbol PEA. Pieridae's [...]
Pieridae Energy Ltd. welcomes the decision of the Nova Scotia Utility and Review Board to issue the permit to construct the Goldboro LNG Facility. Pieridae will now proceed diligently to satisfy each of the associated conditions of that permit and to commence the construction of the Goldboro LNG Facility as soon as a positive financial investment decision is taken by Pieridae. In anticipation of the commencement of [...]
Pieridae Energy Ltd. is pleased to announce that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal government under its UFK program . This confirmation not only satisfies a critical condition leading to the completion of Pieridae’s acquisition of Ikkuma [...]
Pieridae Energy Ltd. announces that in accordance with its Directors’ Compensation Policy, 21,960 common shares of Pieridae Energy Ltd. were granted to its Directors on October 19, 2018, at the price value of $4.18 per share. About Pieridae Founded in 2011, Pieridae, a majority Canadian owned corporation based in Calgary, is focused on the development of integrated energy-related activities, from the exploration and [...]
Pieridae Energy Ltd. is pleased to announce the appointment of Ms. Melanie Litoski as Chief Financial Officer of the Company. Ms. Litoski is expected to begin her role as CFO on October 1, 2018. Ms. Litoski succeeds Mario Racicot who retired as CFO of the Company effective September 1st, 2018. Alfred Sorensen, Chief Executive Officer of the Company, will assume the responsibilities of CFO during the interim period until [...]
Pieridae Energy Ltd. is pleased to announce the appointment of Ms. Melanie Litoski as Chief Financial Officer of the Company. Ms. Litoski is expected to begin her role as CFO on October 1, 2018. Ms. Litoski succeeds Mario Racicot who retired as CFO of the Company effective September 1st, 2018. Alfred Sorensen, Chief Executive Officer of the Company, will assume the responsibilities of CFO during the interim period until [...]
Pieridae Energy Ltd. is pleased to announce that it has filed its second quarter unaudited condensed interim financial statements and related management’s discussion and analysis for the three and six months periods ended June 30, 2018. Pieridae is a reporting issuer or the equivalent in British Columbia, Alberta and Québec. It is listed on the TSX Venture Exchange under the symbol PEA. Pieridae's unaudited [...]
Pieridae Energy Ltd. and Ikkuma Resources Corp. announce they have entered into a definitive agreement dated August 23, 2018 providing for the acquisition by Pieridae of all of the issued and outstanding shares of Ikkuma to be effected by way of a plan of arrangement under section 193 of the Business Corporations Act. The completion of the Arrangement will provide Pieridae with ownership of an extensive area of producing [...]
Pieridae Energy Ltd. announced the appointment of KfW IPEX-Bank as an adviser in assisting it to finalize a multibillion USD untied loan guarantee from the German federal government under its UFK program . In 2013, Pieridae received written confirmation on behalf of the German government that its proposed Goldboro LNG facility will qualify in principle under the UFK program for a guarantee of up to USD 3 billion of debt [...]
Alberta, June 28, 2018 -- Pieridae Energy Ltd. announces the reelection of Mr. Myron A. Tetreault, Mr. Alfred Sorensen, Mr. Charles Boulanger, Mr. Andrew Judson, Mr. Matthew Rees as its directors for the forthcoming year and the election of Mr. Kjell Pedersen as a new independent director. Kjell Pedersen A native of Norway, Mr. Pedersen has 40 years of experience in oil and gas exploration and production in Europe and [...]