Tillkännagivande • Aug 09
Paramount Resources Ltd. Updates Sales Guidance for Third Quarter, Fourth Quarter and Full Year 2026 Paramount Resources Ltd. updated sales guidance for Third quarter, Fourth quarter and full year 2026. For the Third quarter 2026 the company expects average sales volumes are expected to be between 50,000 Boe/d to 53,000 Boe/d (47% liquids) as compared to Prior Guidance of 46,500 Boe/d to 51,500 Boe/d (51% liquids).
For the Fourth quarter 2026 the company expects average sales volumes are expected to be between 60,000 Boe/d to 63,000 Boe/d (49% liquids) as compared to Prior Guidance of 59,000 Boe/d to 64,000 Boe/d (53% liquids).
Annual average sales volumes are expected to be between 51,000 Boe/d to 53,000 Boe/d (49% liquids) as compared to Prior Guidance of 48,000 Boe/d to 52,000 Boe/d (50% liquids). Tillkännagivande • Jul 07
Paramount Resources Ltd. to Report Q2, 2026 Results on Aug 06, 2026 Paramount Resources Ltd. announced that they will report Q2, 2026 results Pre-Market on Aug 06, 2026 Tillkännagivande • 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. Tillkännagivande • Jun 01
Paramount Resources Ltd. Announces Dividend for the Month of June 2026, Payable on June 30, 2026 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on June 30, 2026 to shareholders of record on June 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • May 14
Paramount Resources Ltd. Revises Production Guidance for the First Half and Full Year 2026 and 2027 Paramount Resources Ltd. revised production guidance for the first half and full year 2026 and 2027. For the first half of 2026, the company expects average sales volumes of between 43,000 Boe/d and 46,000 Boe/d (48% liquids), compared to previous guidance of 39,000 Boe/d to 44,000 Boe/d (47% liquids).
For the full year 2026, Paramount expects average sales volumes of between 48,000 Boe/d and 52,000 Boe/d (50% liquids), up from prior guidance of 46,000 Boe/d to 51,000 Boe/d (50% liquids).
For 2027, the company continues to expect annual sales volumes of between 60,000 Boe/d to 65,000 Boe/d (50% liquids) and a 2027 exit rate of production of over 100,000 Boe/d (35% liquids), representing more than double forecast 2026 midpoint sales volumes. Tillkännagivande • 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. Tillkännagivande • Apr 01
Paramount Resources Ltd. Announces April Month Dividend, Payable on April 30, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on April 30, 2026 to shareholders of record on April 15, 2026. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Tillkännagivande • Mar 04
Paramount Resources Ltd., Annual General Meeting, May 12, 2026 Paramount Resources Ltd., Annual General Meeting, May 12, 2026. Location: doulton room, bankers hall conference centre, suite 400, 315 - 8th avenue s.w., alberta, calgary Canada Tillkännagivande • Mar 03
Paramount Resources Ltd. Provides Earnings Guidance for the First Half, Third Quarter,Fourth Quarter and Full Year of 2026 Paramount Resources Ltd. provided earnings guidance for the first half, third quarter, fourth quarter and full year of 2026. First half 2026 sales volumes are now expected to average between 39,000 Boe/d and 44,000 Boe/d (47% liquids), a 2,000 Boe/d increase from prior guidance. The increase reflects higher assumed reliability of the Alhambra Plant based on performance to date as well as stronger well productivity.
For the Second quarter sales volumes continue to be expected to be lower than first quarter volumes due to the timing of new well production, as well as a planned one-week outage at the Alhambra Plant in the second quarter to accommodate the expansion of the facility.
For the Third quarter 2026 average sales volumes are expected to be between 46,500 Boe/d and 51,500 Boe/d (51% liquids) as the second phase of the Alhambra Plant comes onstream. A one-month outage at the Leafland Plant is planned starting in July as the interconnection to the Alhambra Plant is put into service.
For the Fourth quarter 2026 average sales volumes are expected to be between 59,000 Boe/d and 64,000 Boe/d (53% liquids).
For the year 2026, The Company is increasing annual sales volumes guidance by 1,000 Boe/d to between 46,000 Boe/d and 51,000 Boe/d (50% liquids). Tillkännagivande • Feb 04
Paramount Resources Ltd. Announces Dividend for February, Payable on February 27, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on February 27, 2026 to shareholders of record on February 13, 2026. Tillkännagivande • Jan 02
Paramount Resources Ltd. Announces Dividend for January, Payable on January 30, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on January 30, 2026 to shareholders of record on January 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Dec 02
Paramount Resources Ltd. Announces Dividend for the Month of December, Payable on December 31, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on December 31, 2025 to shareholders of record on December 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Sep 22
An undisclosed buyer agreed to acquire 9.50% stake in NuVista Energy Ltd. (TSX:NVA) from Paramount Resources Ltd. (TSX:POU) for approximately CAD 300 million. An undisclosed buyer agreed to acquire 9.50% stake in NuVista Energy Ltd. (TSX:NVA) from Paramount Resources Ltd. (TSX:POU) for approximately CAD 300 million on September 21, 2025. A cash consideration valued at CAD 16 per share will be paid by the buyer. Following the Transaction, Paramount will have direct ownership and control over 12,752,142 NuVista Shares, representing 6.55% of the outstanding NuVista Shares.
The expected completion of the transaction is October 1, 2025. Tillkännagivande • Sep 04
Paramount Resources Ltd. Declares September Cash Dividend, Payable on September 29, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a September cash dividend of $0.05 per common share that will be payable on September 29, 2025 to shareholders of record on September 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Jun 03
Paramount Resources Ltd. Declares June Cash Dividend, Payable on June 30, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on June 30, 2025 to shareholders of record on June 16, 2025. Tillkännagivande • May 16
Paramount Resources Ltd. Approves Appointment of Shane Fildes as Director Paramount Resources Ltd. at its AGM held on May 13, 2025 approved appointment of Shane Fildes as director of the company. Tillkännagivande • May 15
Paramount Resources Ltd. Reaffirms Production Guidance for Fourth Quarter and Full Year 2025 Paramount Resources Ltd. reaffirmed production guidance for fourth quarter and full year 2025. For the fourth quarter 2025, the company expects sales volumes of between 40,000 Boe/d and 45,000 Boe/d (52% liquids).
For the full year 2025, the company continues to expect average sales volumes between 37,500 Boe/d and 42,500 Boe/d (52% shale gas and conventional natural gas combined, 40% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 8% other NGLs). Paramount anticipates sales volumes of between 28,000 Boe/d and 32,000 Boe/d (46% liquids) until the start-up of the Alhambra Plant at Willesden Green. Tillkännagivande • May 02
Paramount Resources Ltd. Declares May Cash Dividend, Payable on May 30, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on May 30, 2025 to shareholders of record on May 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Apr 01
Paramount Resources Ltd. Declares Cash Dividend, Payable on April 30, 2025 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on April 30, 2025 to shareholders of record on April 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Mar 05
Paramount Resources Ltd., Annual General Meeting, May 13, 2025 Paramount Resources Ltd., Annual General Meeting, May 13, 2025. Location: alberta, calgary Canada Tillkännagivande • Jan 02
Paramount Resources Ltd. Declares Cash Dividend for the Month of January, Payable on January 31, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on January 31, 2025 to shareholders of record on January 15, 2025. Tillkännagivande • Oct 01
Paramount Resources Ltd. Declares Dividend, Payable on October 31, 2024 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on October 31, 2024 to shareholders of record on October 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Sep 03
Paramount Resources Ltd. Announces Cash Dividend, Payable on September 27, 2024 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on September 27, 2024 to shareholders of record on September 16, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Aug 01
Paramount Resources Ltd. Provides Sales Guidance for the Third Quarter, Fourth Quarter and Full Year 2024 Paramount Resources Ltd. provided sales guidance for the third quarter, fourth quarter and full year 2024. for the third quarter, the company's sales volumes are expected to average between 96,000 Boe/d and 104,000 Boe/d (51% shale gas and conventional natural gas combined, 42% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 7% Other NGLs).
For the fourth quarter, the company's sales volumes are expected to average between 109,000 Boe/d and 121,000 Boe/d (52% shale gas and conventional natural gas combined, 41% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 7% Other NGLs).
For the full year, the company's annual sales volumes will average between 100,000 Boe/d and 106,000 Boe/d (52% shale gas and conventional natural gas combined, 41% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 7% Other NGLs). Tillkännagivande • Jun 05
Paramount Resources Ltd. Announces Monthly Dividend, Payable on June 28 2024 Paramount Resources Ltd. announced that its Board of Directors have declared a cash dividend of $0.15 per common share that will be payable on June 28, 2024 to shareholders of record on June 17, 2024. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Tillkännagivande • Apr 02
Paramount Resources Ltd. Declares Cash Dividend, Payable on April 30, 2024 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on April 30, 2024 to shareholders of record on April 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Feb 23
Paramount Resources Ltd., Annual General Meeting, May 02, 2024 Paramount Resources Ltd., Annual General Meeting, May 02, 2024. Tillkännagivande • Feb 02
Paramount Resources Ltd. Declares Dividend, Payable on February 29, 2024 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on February 29, 2024 to shareholders of record on February 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Jan 09
Paramount Resources Ltd. Provides Earnings Guidance for the Fourth Quarter of 2023 Paramount Resources Ltd. provided earnings guidance for the fourth quarter of 2023. For the quarter, company expects average sales volumes to be near the midpoint of the range of its previous guidance of between 100,000 Boe/d and 103,000 Boe/d. Tillkännagivande • Jan 02
Paramount Resources Ltd. Announces January Dividend, Payable on January 31, 2024 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on January 31, 2024 to shareholders of record on January 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Dec 05
Apache Corporation and Paramount Resources Ltd Announces Settlement Approval in Apache Canada Employee Awards Class Action A settlement has been approved in a class action lawsuit against Apache Corporation and Paramount Resources Ltd., on behalf of a subset of former employees of Apache Canada Ltd. The settlement of disputed claims provides a fund of $7 million USD, less approved legal fees, costs and expenses, to compensate Class Members for the cancellation of deferred compensation awards they held when Apache Canada was sold to Paramount Resources in August 2017. The Court approved the settlement as being fair, reasonable, and in the best interests of the Class and in recognition of asserted defenses to the alleged claims. Class Members are now able to submit a claim for compensation based on the number of unvested Restricted Stock Units and Performance Awards they held as of August 18, 2017. Claims will be assessed by an independent Administrator using a paper-based claims process. Class Members will be able to claim compensation without having to go to Court. There is an initial claims deadline of February 27, 2024. Only claims made by that date may be appealed in the event of any dispute with the initial assessment of the Administrator. There is an ultimate claims deadline of September 27, 2024, after which no claims will be accepted. Tillkännagivande • Dec 01
Paramount Resources Ltd. Declares December Cash Dividend, Payable on December 29, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a December cash dividend of $0.125 per common share that will be payable on December 29, 2023 to shareholders of record on December 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Oct 05
Paramount Resources Ltd. Declares October Cash Dividend, Payable on October 31, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on October 31, 2023 to shareholders of record on October 16, 2023. Tillkännagivande • Sep 02
Paramount Resources Ltd. Declares September Dividend, Payable on September 29, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on September 29, 2023 to shareholders of record on September 15, 2023. Tillkännagivande • Aug 03
Paramount Resources Ltd. Provides Sales Guidance for the Year 2023 and 2024 Paramount Resources Ltd. provided sales guidance for the year 2023 and 2024. For the 2023, the company updated its Annual average sales volumes to Revised Guidance95,000 to 98,000 (46% liquids) from Prior Guidance 100,000 to 105,000 (46% liquids).For the 2024, the company is reaffirming its Annual average sales volumes (Boe/d) 110,000 to 120,000 (48% liquids). Tillkännagivande • May 30
Paramount Resources Ltd. Restores Majority of Production That Had Been Temporarily Curtailed as a Result of the Alberta Wildfires Paramount Resources Ltd. announced that it has restored the majority of production that had been temporarily curtailed as a result of the Alberta wildfires. The Company has fully resumed operations in the Grande Prairie Region. Approximately 14,000 Boe/d of production in the Kaybob Region is currently shut-in, with all but 5,000 Boe/d expected to be on production within a week. The remaining 5,000 Boe/d will be restored as facilities and fields are able to be brought back online, which is expected to occur within a month. There has been no significant damage or loss to material owned or third-party infrastructure. Paramount estimates that the wildfires resulted in the curtailment of approximately 38,000 Boe/d of production on average in the period from May 5 to May 28. Paramount will provide updated production guidance when it is reasonably able to quantify the ultimate impact of the wildfires. Tillkännagivande • May 17
Paramount Resources Ltd. Provides Further Alberta Wildfire Update Paramount Resources Ltd. announced that, as a result of the further development of the ongoing Alberta wildfires, the third-party Wapiti natural gas processing facility and the Company's fields producing to the facility were again shut down on the afternoon of May 12. Approximately 45,000 Boe/d of production in the Grande Prairie and Kaybob Regions is now temporarily curtailed. The Company is not aware of any significant damage or loss to material owned or third-party infrastructure at this time. Paramount continues to work with civil authorities and its industry partners to ensure the safety of its personnel and be in a position to restore curtailed production when conditions permit. The situation continues to evolve and Paramount will provide an update once production is substantially restored. Tillkännagivande • May 08
Paramount Resources Ltd. Advises of Impact of Alberta Wildfires Paramount Resources Ltd. announced that its operations in the Grande Prairie and Kaybob Regions are being impacted by the ongoing wildfires in those areas. Paramount has safely evacuated all of its affected personnel. As a result of the precautionary shut-in of fields and operated and third-party infrastructure, approximately 50,000 Boe/d of production has been temporarily curtailed since the evening of May 5. The Company is not aware of any significant damage or loss to material owned or third-party infrastructure. While timing remains uncertain, Paramount is prepared to restart production as soon as the condition of infrastructure is confirmed and it is safe to do so. Tillkännagivande • Jan 04
Press Release: Paramount Resources Ltd. Announces January Dividend, Payable on January 31, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on January 31, 2023 to shareholders of record on January 16, 2023. Tillkännagivande • Sep 02
Paramount Resources Ltd. Declares Cash Dividend, Payable on September 29, 2022 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.10 per common share that will be payable on September 29, 2022 to shareholders of record on September 15, 2022. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Jul 05
Paramount Resources Ltd. Declares Cash Dividend for July 2022, Payable on July 29, 2022 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.10 per Common Share for July 2022, that will be payable on July 29, 2022 to shareholders of record on July 15, 2022. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Jun 02
Paramount Resources Ltd. Announces June Dividend, Payable on June 30, 2022 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.10 per Common Share that will be payable on June 30, 2022 to shareholders of record on June 15, 2022. Tillkännagivande • Apr 03
Paramount Resources Ltd. Announces April Dividend, Payable on April 29, 2022 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.08 per Common Share that will be payable on April 29, 2022 to shareholders of record on April 14, 2022. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Feb 16
Paramount Resources Ltd., Annual General Meeting, May 04, 2022 Paramount Resources Ltd., Annual General Meeting, May 04, 2022. Tillkännagivande • Feb 02
Paramount Resources Ltd. Announces February Dividend, Payable on February 28, 2022 Paramount Resources Ltd. announced 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. Tillkännagivande • Jul 16
Tourmaline Oil Corp. (TSX:TOU) completed the acquisition of Non-operated Birch Asset in Northeast British Columbia for approximately CAD 88 million. Tourmaline Oil Corp. (TSX:TOU) entered into an agreement to acquire Non-operated Birch Asset in Northeast British Columbia for approximately CAD 77 million on first quarter of 2021. The transaction is expected to close on early July.
Tourmaline Oil Corp. (TSX:TOU) completed the acquisition of Non-operated Birch Asset in Northeast British Columbia on July 15, 2021. Tillkännagivande • Jun 18
Paramount Resources Ltd. Announces Implementation of Monthly Dividend, Payable on July 30, 2021 The Board of Directors of Paramount Resources Ltd. has declared an inaugural cash dividend of $0.02 per Common Share that will be payable on July 30, 2021 to shareholders of record on July 15, 2021. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Mar 03
Paramount Resources Ltd., Annual General Meeting, May 05, 2021 Paramount Resources Ltd., Annual General Meeting, May 05, 2021. Tillkännagivande • Feb 10
Paramount Resources Ltd. to Report Q4, 2020 Results on Mar 03, 2021 Paramount Resources Ltd. announced that they will report Q4, 2020 results Pre-Market on Mar 03, 2021 Tillkännagivande • Jan 26
Paramount Resources Ltd. announced that it has received CAD 35 million in funding Paramount Resources Ltd. (TSX:POU) announced a private placement of senior unsecured convertible debentures for gross proceeds of CAD 35,000,000 on January 25, 2021. The transaction included participation from James H.T. Riddell, chairman and president and chief executive officer of the company for CAD 25,000,000. The debentures will bear interest at 7.50% per annum payable monthly in arrears and will mature on January 31, 2024. The debenture are convertible by the holder into class A common shares at any time prior to the maturity date at a conversion price of CAD 6.72 per common share prior to January 31, 2022, CAD 7.33 per Common Share on or after January 31, 2022 and prior to January 31, 2023 and CAD 7.94 per common share on or after January 31, 2023. The debentures are redeemable by the company, in whole or in part, at any time prior to the maturity date, at a redemption price equal to 107.50% prior to January 31, 2022, 103.75% on or after January 31, 2022 and prior to January 31, 2023 and 101.875% on or after January 31, 2023. The debentures are direct senior unsecured obligations of the company and rank equally in right of payment with all other existing and future senior indebtedness of the company. The Debentures are effectively subordinated to all existing and future secured indebtedness of the company, including the facility. Tillkännagivande • Aug 19
Cona Resources Ltd. acquired an unknown stake in Strath Resources Ltd. from Paramount Resources Ltd. (TSX:POU). Cona Resources Ltd. acquired an unknown stake in Strath Resources Ltd. from Paramount Resources Ltd. (TSX:POU) on August 14, 2020. Pursuant to the dissent right, Paramount is entitled to be paid in cash the fair value of its shares of Strath with the value to be determined in accordance with the dissent process. Paramount’s warrants to acquire common shares of Strath were converted into warrants to acquire common shares of Strathcona on completion of the amalgamation. The merged company is named as Strath Resources Ltd. Strathcona’s leadership team includes executives from both Strath and Cona, with Rob Morgan as President and Chief Executive Officer, Michael Makinson as Vice President Finance and Chief Financial Officer, Tom Everest as Vice President Development, Nolan Lerner as Vice President Production, Connie De Ciancio as Vice President Corporate, and Mark Teasdale as Vice President Drilling and Completions. Steve Fagan, founder and former Chief Executive Officer of Strath, will continue to contribute to Strathcona as Vice Chairman. ATB Capital Markets acted as a fairness opinion to Strath, Blake, Cassels & Graydon LLP acted as legal advisor for Strath and Cona in connection with the transaction.
Cona Resources Ltd. completed the acquisition of an unknown stake in Strath Resources Ltd. from Paramount Resources Ltd. (TSX:POU) on August 14, 2020. 
