PRD Energy Inc. (TSXV:PRD) is evaluating alternatives. The special committee of the Board of Directors of PRD has directed management and its advisers to evaluate in greater detail alternatives to returning capital to its shareholders followed by the voluntary liquidation and dissolution of PRD. Such alternatives may include, but are not limited to, one or more distributions of capital followed by the voluntary dissolution of PRD or the redemption of all the outstanding common shares.

Financial adviser FirstEnergy Capital Corp. identifies, considers and evaluate other strategic alternatives available to PRD, including a business combination with another issuer.