Oddball Update: "Pardee Authorizes Share Repurchases" | Value Investing News

Oddball Update: "Pardee Authorizes Share Repurchases"

  • PHILADELPHIA, July 10, 2019 Pardee Resources Company (OTC: PDER) (the "Company") announced today that its Board of Directors has authorized the repurchase by the Company of up to $3.5 million of its outstanding common shares in 2019.
  • This stock repurchase program may be carried out through up to $1.5 million in privately negotiated transactions and through up to $2 million in open market purchases.
  • This program provides the Company with the flexibility to repurchase shares opportunistically from time to time based on market and business conditions, stock price and other factors.
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