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CALGARY, ALBERTA--(Marketwired - Oct. 7, 2013) - Paramount Resources Ltd. ("Paramount") (TSX:POU) has entered into an agreement to sell, through a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and Peters & Co. Limited, on a guaranteed agency basis, 1,115,000 Class A Common Shares of Paramount to be issued on a "flow-through" basis in respect of Canadian exploration expenses ("FTS") at a price of $44.00 per FTS for gross proceeds of $49,060,000. The FTS will be offered for sale in all of the provinces of Canada other than Quebec by a prospectus supplement to Paramount's short form base shelf prospectus dated November 14, 2012. Closing of this offering is expected to occur on or about October 16, 2013. |
