Business
PARAMOUNT RESOURCES LTD. ANNOUNCES SEPTEMBER DIVIDEND AND TRANSACTION UPDATE
PARAMOUNT RESOURCES LTD. ANNOUNCES SEPTEMBER DIVIDEND AND TRANSACTION UPDATE Ca...
About this update from Paramount Resources Ltd. Class A
[{"type":"text","content":"\n \n \n \n PARAMOUNT RESOURCES LTD. ANNOUNCES SEPTEMBER DIVIDEND AND TRANSACTION UPDATE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Sept. 1, 2022\n \n \n /CNW/ - Paramount Resources Ltd. (\"Paramount\" or the \"Company\") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of\n \n $0.10\n \n per common share that will be payable on\n \n September 29, 2022\n \n to shareholders of record on\n \n September 15\n \n , 2022.  The dividend will be designated as an \"eligible dividend\" for Canadian income tax purposes.\n \n \n The Company is also pleased to announce the closing of its previously announced\n \n $68.5 million\n \n Willesden Green Duvernay acquisition.  The acquisition adds approximately 90,000 net acres, over 200 internally estimated drilling locations and approximately 1,700 Boe/d (55% liquids) of current production to the Willesden Green core area.\n \n \n The previously announced\n \n $63 million\n \n disposition of certain non-core infrastructure assets is on track to close in the fourth quarter.\n \n \n \n About Paramount\n \n \n \n Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities.  The Company's principal properties are located in\n \n Alberta\n \n and British Columbia.  Paramount's Class A common shares are listed on the Toronto Stock Exchange under the symbol \"POU\".\n \n \n \n \n www.paramountres.com\n \n \n \n \n \n ADVISORIES\n \n \n \n \n \n Forward-looking Information\n \n \n \n \n Certain statements or information in this press release respecting the following matters constitute forward-looking information under applicable securities legislation:\n \n \n \n the payment of future dividends under the Company's monthly dividend program;\n \n \n internall...