Paramount Resources Ltd.
TSX : POU

Paramount Resources Ltd.

March 30, 2006 16:43 ET

Paramount Resources Ltd. Completes Equity Offerings

CALGARY, ALBERTA--(CCNMatthews - March 30, 2006) - Paramount Resources Ltd. (TSX:POU) has completed its previously announced private placement of 600,000 common shares issued on a "flow-through" basis at $52.00 per share through a syndicate of investment dealers co-led by BMO Nesbitt Burns Inc., FirstEnergy Capital Corp., GMP Securities L.P. and Canaccord Capital Corporation and including CIBC World Markets Inc., TD Securities Inc., Scotia Capital Inc., Peters & Co. Limited, Sprott Securities Inc. and Octagon Capital Corporation. Paramount has also completed its previously announced private placement of 600,000 common shares at $41.72 per share to companies controlled by Clayton H. Riddell, Paramount's Chairman and Chief Executive Officer.

Paramount is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's common shares are listed on the Toronto Stock Exchange under the symbol "POU".


Contact Information

  • Paramount Resources Ltd.
    C.H. (Clay) Riddell
    Chairman and Chief Executive Officer
    (403) 290-3600
    or
    Paramount Resources Ltd.
    J.H.T. (Jim) Riddell
    President and Chief Operating Officer
    (403) 290-3600
    or
    Paramount Resources Ltd.
    B.K. (Bernie) Lee
    Chief Financial Officer
    (403) 290-3600
    (403) 262-7994 (FAX)