PRD Energy Inc. (TSXV:PRD) announced a private placement of 1,750,000 common shares at a price of CAD 1 per share for gross proceeds of CAD 1,750,000 on March 24, 2014. The transaction will include participation from Michael Greenwood, Chairman and Chief Executive Officer of the company, and other directors and officers of the company. The common shares issued will be subject to a four-month plus one day resale restriction from the closing date.

The transaction is scheduled to close on or about March 27, 2014. The transaction is subject to the approval of the TSX Venture Exchange.