Announcement • Jul 02
AKITA Drilling Ltd. (TSX:AKT.A) completed the acquisition of Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for approximately CAD 106 million. AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million on April 26, 2026. The purchase price includes issuance of 19,264,270 common shares to Paramount Resources Ltd. Following the completion, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding Common Shares. A special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026.
The transaction is subject to customary conditions, including the conditional approval of the TSX for the listing of the Common Shares and shareholder approvals. The special meeting of the shareholders of AKITA will be held to approved the transaction on June 29, 2026.
Blake, Cassels & Graydon LLP acted as legal advisor for AKITA Drilling Ltd. Charles River Associates served as financial advisor to the board of directors of the AKITA Drilling Ltd. Peters & Co., Limited acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor for Paramount Resources Ltd. Odyssey Trust Company acted as transfer agent for AKITA Drilling Ltd.
AKITA Drilling Ltd. (TSX:AKT.A) completed the acquisition of Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for approximately CAD 106 million on June 30, 2026. As of June 30, 2026, Pursuant to the Share Reorganization, each Class A Non-Voting Share of AKITA changed into one Class B Common Share of AKITA following which the Class B Shares were renamed Common Shares. Announcement • Apr 27
AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million. AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million on April 27, 2026. The purchase price includes issuance of 19,264,270 common shares to Paramount Resources Ltd. Following the completion, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding Common Shares. A special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026.
The transaction is subject to customary conditions, including the conditional approval of the TSX for the listing of the Common Shares and shareholder approvals.
Blake, Cassels & Graydon LLP acted as legal advisor for AKITA Drilling Ltd. Charles River Associates served as financial advisor to the board of directors of the AKITA Drilling Ltd. Peters & Co., Limited acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor for Paramount Resources Ltd. Announcement • Mar 04
AKITA Drilling Ltd., Annual General Meeting, May 12, 2026 AKITA Drilling Ltd., Annual General Meeting, May 12, 2026. 
