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Pardee Completes Open Market Purchase

December 4, 2019

PHILADELPHIA, Dec. 3, 2019 /PRNewswire/ -- Pardee Resources Company (OTC: PDER) (the “Company”) announced today that it recently purchased 10,792 PDER common shares @ $161 per share in the open market for $1,754,893 when including the brokerage commission, pursuant to our previously announced Board authorization to repurchase up to $2 million of PDER common shares in open market purchases.

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.

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SOURCE Pardee Resources Company