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CS - Pieridae placement brings Shell deal nearer to close - September 2019

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Pieridae Energy Ltd. received subscriptions in a private placement for more than $33.2 million, equity that will allow it to close a $189.9 million deal to acquire Shell’s assets in the southern Alberta Foothills region by the end of September. The LNG developer also announced Sept. 5 that institutional investor Alberta Investment Management Corp. agreed to take common shares instead of a $4 million interest payment. The Shell transaction, announced in June, will enable......
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