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CALGARY, Alberta, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (TSX VENTURE:PEA) announced today that it has engaged Morgan Stanley & Co. LLC (Morgan Stanley) and SG Americas Securities, LLC (Société Générale) to serve as financial advisors for Pieridae Energy’s Goldboro LNG project. Pieridae intends to raise up to US $10 billion in equity and project financing to fulfill its mandate to become the first independently operated integrated LNG project in North America.

We are extremely proud to have partnered up with such prestigious organisations as Morgan Stanley and Société Générale. We believe their involvement in the project is a testament to the creditability of Pieridae Energy’s progress to date,” said CEO Alfred Sorensen.

Founded in 2011, Pieridae Energy is developing a fully integrated LNG infrastructure business covering the entire LNG value chain, from the exploration and production of natural gas across Canada to the development and operation of the LNG terminal. The Goldboro LNG project consists of an LNG processing facility, storage tanks, power plant and marine works to be located in the County of Guysborough, Nova Scotia (Canada).

About Pieridae Energy

Pieridae Energy 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 Energy’s main project is the Goldboro LNG Project and, following Pieridae Energy’s first acquisition of resources in New Brunswick and the completion of the merger with Pétrolia Inc., Pieridae Energy 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 Energy will continue to seek to build a long-term portfolio of natural gas to supply the Goldboro LNG Project. Pieridae Energy is on the leading edge of the re-integration of the LNG value chain in North America. Pieridae Energy has 50,498,852 shares issued and outstanding which trade on the TSX Venture Exchange (PEA).

For further information please contact:

Alfred Sorensen, Chief Executive Officer Mario Racicot, Chief Financial Officer
Telephone: (418) 657-1966Telephone: (418) 657-1966