The Toronto Stock Exchange reports that Pieridae Energy Ltd. will issue, to shareholders of record at the close on Sept. 9, 2024, one right per share. According to the TSX, each right will entitle the holder to purchase 0.71286 of a common share of the company at 24.48 cents per whole share. Holders need to exercise 1.4028 rights and pay the subscription price to acquire one share. No fractional common shares will be issued.

The TSX reports that the rights will begin trading on Sept. 9, 2024, under the symbol PEA.RT and with Cusip No. 720786 13 6. At the same time, the shares of the company will trade ex rights. On Oct. 2, 2024, trading in the rights will end at 12 p.m. Toronto time, the rights will expire at 3 p.m. Calgary time and the rights will be delisted at the close.

The TSX notes that trades from the open to 12 p.m. Toronto time on Oct. 2, 2024, will settle on the same day. The designated market-maker is Citadel Securities Canada ULC.

For more information, see the company's rights offering circular and rights offering notice, each dated Aug. 27, 2024, and filed on SEDAR+.