News

Pardee Resources Company (OTC: PDER) announced today that its subsidiary, Pardee & Curtin Timberlands LLC (“Pardee”), recently closed on the sale of its sawmill located in Curtin, West Virginia to The Jim C. Hamer Company (“Hamer”) for an undisclosed amount. Hamer has operated this sawmill under lease since 1984. Pardee also entered into a 10-year […]

Pardee Resources Company (OTC: PDER) (the “Company”) reports that a subsidiary recently acquired approximately 6,300 acres of surface, timber and mineral interests located in central West Virginia through the acquisition of 100% of the outstanding stock of the property’s owner. The $7 million investment was funded through available cash and bank financing. “This new acreage […]

Pardee Resources Company (OTC: PDER) (the “Company”) reports that a subsidiary has recently closed a transaction for the acquisition of 9,741 acres of softwood timberlands  located in Culpeper, Fauquier, Fluvanna, Greene, Orange, Spotsylvania and Westmoreland Counties, Virginia. The Company invested $17 million for the acquisition of these properties, which amount was funded through available cash […]

Pardee Resources Company (OTC: PDER) (the “Company”) reports that its subsidiary, Pardee Agricultural Properties LLC, recently closed on the purchase of a 40-acre farmland tract located in Kern County, at the southern end of California’s Central Valley.  The tract will be developed and managed for specialty table grapes by a local, multi-generational agricultural operating company.  […]

Pardee Resources Company (OTC: PDER) (the “Company”) reports that its subsidiary, Pardee Solar 1 LLC, recently closed on an investment in two renewable energy partnerships. One partnership owns two solar photovoltaic systems in Rhode Island while the other partnership owns six solar thermal systems in Washington, D.C.  The solar thermal systems are installed on roof […]