Pardee Resources Company: Solar Acquisition

Pardee Resources Company (the “Company”) reports that in April 2017 it invested $1.8 million in the purchase of a 561 kilowatt (dc) solar photovoltaic system located at Northern Arizona University in Flagstaff, Arizona.  “We are very pleased to make this addition to our Alternative Energy Division’s portfolio as we remain focused on the growing renewable energy sector” said Carleton P. Erdman, President and Chief Executive Officer.


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, and include statements that relate to the impact of the acquisition described above.  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, the possibility of increased or adverse government regulation, and the risk that the system may not be as we currently expect, 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.