Pender Development Fund Inc. Appoints New Director to the Board

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VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) — Pender Development Fund Inc. (“PGF”; TSXV: PTF) is happy to announce the addition of Derek Hemmes to its Board of Administrators, with rapid impact.

With over twenty years of entrepreneurial and administration expertise, Mr. Hemmes brings a wealth of information and experience to the PGF Board. In 2001 he co-founded one45 Software program, the place he served as CEO till its acquisition by Cytiva Software program in 2008. Subsequently, he assumed the position of Vice President of Product Improvement on Cytiva’s govt workforce till it was acquired by Taleo Company in 2011. He went on to co-found eRezLife Software program, changing into its Chief Working Officer, a place he held till the corporate’s acquisition in 2021.

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All through his profession, Derek has held plenty of board positions, serving on the boards of one45 from 2001 to 2021, eRezLife from 2001 to 2021, and BasicGov from 2015 to 2019. His involvement in these organizations underscores his dedication to driving progress, innovation, and strategic growth.

Derek holds a Bachelor of Science diploma from the College of British Columbia with a significant in Bio-Psychology, accompanied by minors in Commerce and Laptop Science. He additionally pursued enterprise research at Curtin College.

Mr. Hemmes is a valued addition to the PGF Board and his intensive expertise and strategic imaginative and prescient will undoubtedly contribute to the continued success and progress of the group.

About PGF
PGF’s goal is to realize long-term capital appreciation for its traders. PGF makes use of its small capital base and long-term horizon to spend money on distinctive conditions; primarily small cap, particular conditions, and illiquid private and non-private firms. PGF trades on the TSX Enterprise Trade beneath the image “PTF”.
For extra info, please go to Please learn vital disclosures at

For additional info, please contact:
Tony Rautava
PenderFund Capital Administration Ltd.
(604) 653-9625
Toll Free: (866) 377-4743

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

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