CALGARY, AB, Feb. 1, 2022 /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 $0.06 per Common Share that will
be payable on February 28, 2022 to
shareholders of record on February 15,
2022. The dividend will be designated as an "eligible
dividend" for Canadian income tax purposes.
ABOUT PARAMOUNT
Paramount is an independent, publicly traded, liquids-focused
Canadian energy company that explores for and develops both
conventional and unconventional petroleum and natural gas reserves
and resources, 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
Alberta and British Columbia. Paramount's Class A common
shares are listed on the Toronto Stock Exchange under the symbol
"POU".
FORWARD-LOOKING INFORMATION
The payment of future dividends under the Company's monthly
dividend program would be considered forward-looking information
under applicable securities legislation. Although Paramount
believes that the expectations reflected in such forward-looking
information are reasonable based on the information available
at the time of this press release, undue reliance should not be
placed on the forward-looking information as Paramount can give no
assurance that such expectations will prove to be correct. Such
forward-looking information is based on a number of assumptions
which may prove to be incorrect, including assumptions as to the
Company's future free cash flow, operating results, capital
requirements and financial position. There are risks that may
result in the Company changing, suspending or discontinuing its
monthly dividend program, including changes to free cash flow,
operating results, capital requirements, financial position, market
conditions or corporate strategy and the need to comply with
requirements under debt agreements and applicable laws respecting
the declaration and payment of dividends. There are no assurances
as to the continuing declaration and payment of any future
dividends under the Company's monthly dividend program or the
amount or timing of any such dividends. For more information
relating to risks, see "Risk Factors" in Paramount's
annual information form for the year ended December 31, 2020, which is available on SEDAR at
www.sedar.com.
Any forward-looking information is provided as of the date
hereof and, except as required by applicable securities law,
Paramount undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
SOURCE Paramount Resources Ltd.