09:48 AM EST - Contact Exploration Inc. : announced that it has been advised by Pieridae Energy Limited that on August 29, Pieridae closed a non-brokered private placement of common shares pursuant to which it raised aggregate gross proceeds of $22.2 million at a price of $9 per share. Pieridae is a Canadian energy infrastructure development company that has partnered with Contact to secure natural gas supply opportunities for Pieridae's planned liquefied natural gas terminal in Goldboro, Nova Scotia. Contact Exploration Inc.
shares V.CEX are trading up $0.01 at $0.50.
