Paramount Resources Ltd. Completes Acquisition of MGM Energy Corp.
12 Juni 2014 - 12:40AM
Marketwired
Paramount Resources Ltd. Completes Acquisition of MGM Energy Corp.
CALGARY, ALBERTA--(Marketwired - Jun 11, 2014) - Paramount
Resources Ltd. (TSX:POU) and MGM Energy Corp. (TSX:MGX) announced
today that Paramount has completed the acquisition of all of the
outstanding common shares of MGM Energy not owned by it pursuant to
an arrangement under the Business Corporations Act
(Alberta). Paramount issued 1,127,790 Class A Common Shares in
connection with the transaction. The common shares of MGM Energy
are expected to be delisted from the Toronto Stock Exchange within
two or three trading days.
Paramount is a Canadian oil and natural gas exploration,
development and production company with operations focused in
Western Canada. Paramount's Class A Common Shares are listed on the
Toronto Stock Exchange under the symbol "POU".
Paramount Resources Ltd.J.H.T. (Jim) RiddellPresident and Chief
Operating Officer(403) 290-3600Paramount Resources Ltd.B.K.
(Bernie) LeeChief Financial Officer(403) 290-3600(403) 262-7994
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