From the most recent MD&A (filed November 29th):
The Company has appointed a formal liquidator to complete the liquidation and dissolution of the
Company's German subsidiaries which the Company expects will be completed in the first quarter of
With respect to the final distribution:
It is expected that PRD shareholders will receive the net proceeds of the liquidation in two installments.
The first distribution, representing the majority of the Company's cash of $11.8 million was paid out on
September 21, 2016. The second distribution is expected to be made following the discharge of the
Company's remaining liabilities, receipt of a clearance certificate from the Canada Revenue Agency and
approval of the PRD board or directors.