NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES
CALGARY, Alberta, May 08, 2018 (GLOBE NEWSWIRE) — Pieridae Energy Limited (TSXV:PEA) announces that in accordance with its Registered Retirement Savings Plan (RRSP) matching policy, Pieridae’s Board of Directors granted, on May 8, 2018, 19,766 common shares of Pieridae Energy Limited to 14 of its employees and directors at the price value of $4.90 per share.
This policy is intended to encourage Pieridae’s employees to save for their future retirement while further aligning their personal interest to the financial success of the Company.
About Pieridae
Pieridae is a Canadian corporation based in Calgary, Alberta focused on the development of fully integrated energy activities, from upstream production to the sale of LNG. Pieridae’s main project is the Goldboro LNG Project and, to supplement the resources it has acquired in New Brunswick and Quebec, Pieridae has embarked on a strategy to consolidate natural gas reserves in key natural gas basins to develop new international markets for Canadian and US natural gas. Pieridae will continue to seek to build a long term portfolio of natural gas to supply the Goldboro LNG Project. Pieridae is on the leading edge of the re-integration of the LNG value chain in North America. Pieridae has 50,547,159 shares issued and outstanding.
For further information please contact:
| Alfred Sorensen, Chief Executive Officer | Mario Racicot, Chief Financial Officer | |
| Telephone: (418) 657-1966 | Telephone: (418) 657-1966 |