CALGARY, Alberta, Oct. 31, 2017 (GLOBE NEWSWIRE) — PRD Energy Inc. (“PRD” or the “Company“) is pleased to provide an update on the status of its liquidation and the anticipated timing of its dissolution.
PRD is currently dissolving its German subsidiaries, disposing of all its other assets that are not to be distributed in kind to the shareholders of PRD, discharging all of its obligations and completing all other acts required to liquidate its business. PRD expects its German subsidiaries to be dissolved before the end of 2017.
PRD’s assets, as at September 30, 2017, are comprised of cash on hand of approximately $693,000 and accounts receivable of approximately $243,000. Included in the accounts receivable is approximatel…
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