Pardee Resources Company: Updated Communication Procedures

Rhea-AI Summary

Pardee Resources Company (OTC: PDER) announced changes to its shareholder communication procedures starting with Q3 2024 Report. The company will first post notices, financial reports, and other materials on the OTC Markets website, followed by email and U.S. Mail distribution. Quarterly financial reports will be posted during the first week of May, August, and November, while annual reports will be available mid-April. The company will issue press releases when reports are posted on the OTC website.

Positive

• Enhanced accessibility to company information through OTC Markets website
• Faster access to financial reports for shareholders

Negative

• None.

News Market Reaction

-0.65%

1 alert

-0.65% News Effect

On the day this news was published, PDER declined 0.65%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PHILADELPHIA, Oct. 25, 2024 /PRNewswire/ -- Pardee Resources Company (OTC: PDER) (the "Company") announced today that it will update its procedures for most communications with shareholders effective with the distribution of the Q3 2024 Report. Specifically, going forward, Pardee intends to post its notices, annual and other financial reports, and other materials first on the OTC Markets website https://www.otcmarkets.com/stock/PDER/disclosure and shortly thereafter, send these materials out for email and U.S. Mail distribution. As a result, we expect that Pardee's quarterly financial reports will be posted on the OTC Market's website during the first week of May, August, and November and the annual report will be posted during mid-April. While we do not currently plan to change the existing email and U.S. Mail distribution of Pardee's reports, shareholders will now also be able to access these materials through the OTC Market's website in advance of their normal receipt of these reports. The Company further intends to issue a Press Release when it posts Pardee reports on the OTC website.

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, difficult economic conditions and other risks and uncertainties. As a result, these forward-looking statements may turn out to be incorrect. We are under no obligation to (and expressly disclaim any obligation to) update or alter these forward-looking statements whether as a result of new information, future events or otherwise.

View original content:https://www.prnewswire.com/news-releases/pardee-resources-company-updated-communication-procedures-302287762.html

SOURCE Pardee Resources Company

FAQ

When will Pardee Resources (PDER) post its quarterly financial reports on OTC Markets?

Pardee Resources will post quarterly financial reports during the first week of May, August, and November on the OTC Markets website.

When will Pardee Resources (PDER) release its annual report?

Pardee Resources will post its annual report during mid-April on the OTC Markets website.

What changes is Pardee Resources (PDER) making to its shareholder communications in Q3 2024?

Starting Q3 2024, Pardee Resources will first post reports on the OTC Markets website before distributing via email and U.S. Mail, improving shareholders' access to information.