PRD - PRD Energy Inc.

[sbalsam]

From the most recent MD&A (filed November 29th):

 

The Company has appointed a formal liquidator to complete the liquidation and dissolution of the

Company's German subsidiaries which the Company expects will be completed in the first quarter of

2017.

 

With respect to the final distribution:

 

It is expected that PRD shareholders will receive the net proceeds of the liquidation in two installments.

The first distribution, representing the majority of the Company's cash of $11.8 million was paid out on

September 21, 2016. The second distribution is expected to be made following the discharge of the

Company's remaining liabilities, receipt of a clearance certificate from the Canada Revenue Agency and

approval of the PRD board or directors.

 

Steve