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Proposed Goldboro LNG Project Eligible for $1.5B German Loan

Pieridae eligible to benefit from additional conditional loan support from the German Gov’t. Pieridae Energy Limited (“Pieridae”) (tsxv: pea) proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal government under its UFK program.

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Pieridae Eligible to Benefit From Additional Conditional Loan Support From the german government. goldboro lng project towards a final investment decision.. in regard to the proposed.

 · Pieridae Energy Ltd has announced that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US$1.5 billion of untied loan guarantee by the German federal government under its UFK programme (Bundesgarantien für ungebundene Finanzkredite).

Pieridae Energy announced that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal government under its UFK program (Bundesgarantien für ungebundene Finanzkredite).

GUYSBOROUGH – Pieridae Energy welcomed news this week that the company’s request for access to $1.5 billion more in loan guarantees from the German government for its Goldboro LNG project has been approved. Confirmation of Pieridae’s eligibility for the guarantee satisfies a “critical.

Press Releases PIERIDAE ELIGIBLE TO BENEFIT FROM ADDITIONAL CONDITIONAL LOAN SUPPORT FROM THE GERMAN GOVERNMENT October 29, 2018 CALGARY, ALBERTA – October 29, 2018 – Pieridae Energy Limited ("Pieridae") (TSXV: PEA) is pleased to announce that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle.

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Pieridae announced on October 29, 2018 its proposed financing of upstream natural gas development to supply the Goldboro LNG Project had received written confirmation of eligibility in principle.

The written confirmation received by the Canadian company confirms eligibility for the German funding for the upstream activities within the proposed goldboro lng project in Nova Scotia. Previously, Germany had committed to a loan of up to $3bn to help the company cover the construction costs of Goldboro LNG train 1 and all associated facilities.