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Stocks in play: Pieridae Energy Limited

Baystreet.ca

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 non-brokered basis, for gross proceeds of approximately $612,291.62. Pieridae Energy Limited shares V.PEA are trading down $0.01 at $0.98.