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| Home : News Release: Paramount Resources Ltd. Completes Private Placement of Flow-Through Shares |
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Sep 21
2012 |
News Release: Paramount Resources Ltd. Completes Private Placement of Flow-Through Shares |
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CALGARY, ALBERTA--(Marketwire - Sept. 21, 2012) - Paramount Resources Ltd. (TSX:POU) ("Paramount") has completed its previously announced private placement of "flow-through" common shares to a corporation controlled by Mr. Clayton H. Riddell, Paramount's Chairman and Chief Executive Officer, for gross proceeds of $55,044,600. The proceeds will be used by Paramount to incur eligible Canadian exploration expenses and eligible Canadian development expenses. |
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| Source:http://www.marketwire.com/mw/release.do?id=1704337&sourceType=3 |
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