Pieridae Energy Limited

10:59 AM EST - Pieridae Energy Limited : 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.