Pieridae Energy Ltd. is pleased to announce the appointment of Mr. Mark Horrox as an additional independent director, effective immediately. Mr. Horrox is a principal at Third Eye Capital . He has 20 years of global experience investing in companies undergoing change or growth. His responsibilities at TEC include advancing the firm's investment activities in the Canadian energy market. Mr. Horrox is the Director of [...]
Highlights: Acquisition immediately accretive to the Company Acquired majority of the gas needed to supply Train 1 at Goldboro LNG facility Further progress made toward Goldboro LNG final investment decision Pieridae remains committed to working respectfully with area communities and Treaty 7 Nations CALGARY, Alberta, Oct. 17, 2019 -- Pieridae Energy Ltd. is pleased to announce that it has closed its acquisition of all of [...]
Pieridae Energy Ltd. is pleased to announce that it has closed the first tranche of its previously announced brokered private placement of Company subscription receipts . Pieridae has issued 14,970,070 subscription receipts of the Company at a price of $0.86 per subscription receipt for gross proceeds of $12,874,260.20. Pieridae has also closed on the issuance of 711,967 subscription receipts, at a price of $0.86, on a [...]
Pieridae Energy Ltd. announces that Alberta Investment Management Corporation, on behalf of certain of its clients, and Pieridae have agreed to extend the maturity date of both the $50 million senior secured term loan facility , as described in the news release issued by the Company on December 18, 2018, and the $10 million secured convertible debenture, as described in the news release issued by the Company on July 2 [...]
Pieridae Energy Ltd. is pleased to announce that Haywood Securities Inc., as sole agent, has confirmed that it has received subscriptions for the placement of 38,637,850 subscription receipts of the Company at a price of $0.86 per subscription receipt for gross proceeds of $33,228,551.38 . This includes a subscription of $20 million from Erikson National Energy Inc., a portfolio company of Third Eye Capital Corporation, a [...]
Pieridae Energy Ltd. is pleased to announce that Haywood Securities Inc., as sole agent, has confirmed that it has received subscriptions for the placement of 38,637,850 subscription receipts of the Company at a price of $0.86 per subscription receipt for gross proceeds of $33,228,551.38 . This includes a subscription of $20 million from Erikson National Energy Inc., a portfolio company of Third Eye Capital Corporation, a [...]
Pieridae Energy Ltd. has filed its second quarter unaudited condensed interim financial statements and related management’s discussion and analysis for the three and six month periods ending June 30, 2019. Pieridae's unaudited condensed interim financial statements and MD&A are available on our website at www.pieridaeenergy.com and are filed on SEDAR at www.sedar.com. Operational Highlights of the Quarter: On April [...]
Pieridae Energy Ltd. today announced it has negotiated extensions of the key deadlines under its 20-year agreement with German utility Uniper. These include expected commercial deliveries of gas to Uniper to start between November 30th, 2024 and May 31st, 2025; and the extension to September 30, 2020 of the deadline to make a positive financial investment decision for the Company’s proposed Goldboro LNG facility [...]
Live from Calgary, Alfred Sorensen, Chief Executive Officer & Director, Pieridae Energy Ltd. , joined Brady Fletcher, Managing Director & Head, TSX Venture Exchange, to close the market. 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 extraction of natural gas to the development, construction [...]
Pieridae Energy Ltd. today had the privilege to close the Toronto Stock Exchange. The TSX has a rich history, created in the fall of 1861 by 24 men who had gathered at Toronto’s Masonic Hall to set up a framework to trade assets. Equally steeped in tradition, the Calgary Stampede’s roots are traced to 1886 when the Calgary and District Agricultural Society held its first fair. So it was fitting for directors [...]
Pieridae Energy Ltd. today announces that in accordance with its Directors’ Compensation Policy, 33,584 common shares of Pieridae Energy Ltd. were granted to its Directors on July 3, 2019, at the price value of $0.89 per share. In addition, the company announces that in accordance with its stock option plan, on July 3, 2019 it granted to its employees and directors the option to purchase 3,149,341 common shares of [...]
Pieridae Energy Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement of common shares of the Company at a price of $0.86 per share for gross proceeds of $2.2 million and a non-brokered private placement of a secured convertible debenture of the Company for aggregate gross proceeds of $10 million . Gross proceeds from the Offering were $12.2 million. Pieridae will use the [...]
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