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LNG backer plans merger with Quebec energy firm Add to ...

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A company proposing a liquefied natural gas project in Atlantic Canada has launched a reverse takeover of a Quebec exploration firm in a bid to bolster its ability to fund the multibillion-dollar development.

Privately held Pieridae Energy Ltd., backer of the Goldboro project in Nova Scotia, said it agreed to an amalgamation with TSX Venture Exchange-listed Pétrolia Inc., under which the resulting company would be a publicly traded, integrated LNG producer.

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