Pardee Resources Company Retains West Virginia Timber Properties
Pardee Resources Company (OTC: PDER) has announced the conclusion of its marketing initiative for approximately 47,000 acres of hardwood timberland in central and southern West Virginia without completing a sale. The company received multiple offers for the timber properties but deemed none of them acceptable.
President and CEO Carleton P. Erdman stated that the company will continue to manage these properties for shareholder benefit. The decision comes after a strategic review of the potential sale opportunities, with the company ultimately choosing to maintain ownership of these significant timber assets.
Pardee Resources Company (OTC: PDER) ha annunciato la conclusione della sua iniziativa di marketing per circa 47.000 acri di terreni boschivi di latifoglie nel centro e nel sud della Virginia Occidentale senza completare una vendita. L'azienda ha ricevuto diverse offerte per le proprietà forestali, ma nessuna è stata ritenuta accettabile.
Il presidente e CEO Carleton P. Erdman ha dichiarato che la società continuerà a gestire questi terreni a beneficio degli azionisti. La decisione arriva dopo una revisione strategica delle opportunità di vendita potenziali, con l'azienda che ha infine scelto di mantenere la proprietà di questi importanti beni forestali.
Pardee Resources Company (OTC: PDER) ha anunciado la conclusión de su iniciativa de comercialización de aproximadamente 47,000 acres de tierras boscosas de madera dura en el centro y sur de Virginia Occidental sin concretar una venta. La empresa recibió múltiples ofertas por las propiedades madereras, pero ninguna fue considerada aceptable.
El presidente y CEO Carleton P. Erdman declaró que la compañía continuará gestionando estas propiedades en beneficio de los accionistas. La decisión se tomó tras una revisión estratégica de las oportunidades de venta potenciales, optando finalmente por mantener la propiedad de estos importantes activos forestales.
Pardee Resources Company (OTC: PDER)는 약 47,000에이커의 웨스트버지니아 중남부 지역 활엽수림 토지에 대한 마케팅 활동을 매각 완료 없이 종료했다고 발표했습니다. 회사는 해당 임야에 대해 여러 제안을 받았으나 모두 수용할 수 없다고 판단했습니다.
사장 겸 CEO인 칼튼 P. 어드만은 회사가 주주 이익을 위해 이 토지를 계속 관리할 것이라고 밝혔습니다. 이 결정은 잠재적 매각 기회에 대한 전략적 검토 후 내려졌으며, 회사는 결국 이 중요한 임산 자산의 소유권을 유지하기로 했습니다.
Pardee Resources Company (OTC : PDER) a annoncé la fin de son initiative marketing concernant environ 47 000 acres de terres forestières feuillues dans le centre et le sud de la Virginie-Occidentale sans conclure de vente. La société a reçu plusieurs offres pour ces propriétés forestières, mais aucune n’a été jugée acceptable.
Le président-directeur général Carleton P. Erdman a déclaré que l’entreprise continuerait à gérer ces propriétés au bénéfice des actionnaires. Cette décision intervient après un examen stratégique des opportunités de vente potentielles, la société ayant finalement choisi de conserver la propriété de ces actifs forestiers importants.
Pardee Resources Company (OTC: PDER) hat den Abschluss seiner Marketinginitiative für etwa 47.000 Acres Laubholzforstflächen in Zentral- und Südwest-Virginia ohne Verkauf bekannt gegeben. Das Unternehmen erhielt mehrere Angebote für die Holzgrundstücke, hielt jedoch keines davon für akzeptabel.
Präsident und CEO Carleton P. Erdman erklärte, dass das Unternehmen diese Grundstücke weiterhin zum Nutzen der Aktionäre verwalten werde. Die Entscheidung erfolgte nach einer strategischen Überprüfung der potenziellen Verkaufschancen, wobei das Unternehmen letztlich beschloss, das Eigentum an diesen bedeutenden Forstvermögen zu behalten.
- Retention of valuable 47,000-acre timber asset portfolio
- Multiple offers received indicating market interest in the properties
- Maintained strategic control over significant natural resource assets
- Failed to monetize substantial timber assets despite marketing efforts
- Potential missed opportunity for immediate capital realization
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
FAQ
What happened to Pardee Resources' (PDER) West Virginia timber property sale initiative?
How many acres of timberland did PDER attempt to sell in West Virginia?
Why did Pardee Resources (PDER) decide to retain its West Virginia timber properties?
What is Pardee Resources' plan for its West Virginia timber properties after the failed sale?
