Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) is a diversified holding company, which focuses on real estate, infrastructure, energy, health, transportation, and data. Shares of the international holding company are jumping 37.04%, through afternoon trading on Wednesday, May 31, 2017. Over the past month, Paradise Ridge Hydrocarbons, Inc. saw average daily volume of 63,647 shares. However, volume of 62,105 shares or dollar volume of $22,978, has already exchanged hands on Wednesday.
Shares of Paradise Ridge Hydrocarbons, Inc. are climbing today, after the company announced that its Board of Directors has voted and approved a corporate name change to “Grupo Resilient International, Inc.” and a 3:1 forward stock split. The company has already filed to obtain a new trading symbol, as well. Here is the full press release detailing of the corporate changes:
Paradise Ridge Hydrocarbons, Inc. Press Release:
ADDISON, Texas, May 31, 2017 /PRNewswire/ –Paradise Ridge Hydrocarbons, Inc. (“PRGE”) (OTC PINK: PRGE) (the “Company”) CEO and President, Gordon Johnson today announced that the Board of Directors and shareholders have voted to change its name to “Grupo Resilient International, Inc.” and to forward split its common stock 3:1. In addition, the company will voluntarily request a new CUSIP and stock symbol.
About Paradise Ridge Hydrocarbons, Inc.
Paradise Ridge Hydrocarbons, Inc., soon to be known as Grupo Resilient International, Inc., is a diversified international holding company headquartered in Addison, Texas. Its focus is on the following industries: Infrastructure, Real Estate, Energy, Wellness, Transportation and Data.
Forward Looking Statements:
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.