Off-market insider buying at Pieridae Energy (PEA)

Off-market insider buying at Pieridae Energy (T:PEA)

Alfred Sorensen, CEO, Director, Issuer or Subsidiary and 10% Holder, acquired 2,325,581 Common Shares on a direct ownership basis at a price of $0.860 through a private transaction on June 27th, 2019. This represents a $2,000,000 investment into the company's shares and an account share holdings change of 24.9%.

Pieridae Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Pieridae Energy Ltd is Canada-based company engaged in energy infrastructure and development. The Company is focused on liquefied natural gas (LNG) opportunities. The Company is developing a fully integrated LNG infrastructure business and is contracting and partnering with world-class resource supply companies and off-takers in its commitment to create a fully integrated LNG project. The Company is developing Goldboro LNG, which consists of an LNG processing facility, storage tanks and marine works. The facility is located at the Goldboro Industrial Park in Guysborough County, Nova Scotia, Canada. The natural gas supply feeding the project is to be delivered via the existing Maritimes & Northeast Pipeline, located directly adjacent to the project.