Paramount Resources Ltd. Completes Acquisition of Apache Canada Ltd. and Provides Update on Trilogy Merger Timing
16 August 2017 - 4:04PM
PR Newswire (Canada)
CALGARY, Aug. 16, 2017 /CNW/ - Paramount Resources Ltd.
(TSX: POU) ("Paramount" or the "Company") is pleased to announce
that it has completed its previously announced acquisition of
Apache Canada Ltd., which has been re-named Paramount Resources
(ACL) Ltd.
The special meetings of shareholders of Paramount and Trilogy
Energy Corp. ("Trilogy") to consider and vote on the proposed
merger of Paramount and Trilogy have been scheduled for
September 8, 2017. The joint
information circular and forms of proxy for the meetings will be
mailed to shareholders and publicly filed this week.
Shareholders are encouraged to return their proxies as soon as
possible in advance of the proxy cut-off. If shareholder and
court approvals are obtained and the other conditions to the merger
are satisfied, the merger is expected to be completed on or about
September 12, 2017.
Paramount is an independent, publicly traded, Canadian energy
company that explores and develops unconventional and conventional
petroleum and natural gas prospects, including long-term
unconventional exploration and pre-development projects, and holds
a portfolio of investments in other entities. The Company's
principal properties are primarily located in Alberta and British
Columbia. Paramount's Class A common shares are listed on
the Toronto Stock Exchange under the symbol "POU".
SOURCE Paramount Resources Ltd.
Copyright 2017 Canada NewsWire
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