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Paramount Resources Ltd. Disposes of a Portion of Its Investment in the Common Shares of NuVista Energy Ltd.

Newswire.ca - Fri Apr 12, 6:00AM CDT

This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids.

CALGARY, AB, April 12, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that it sold 6,000,000 common shares ("NuVista Shares") of NuVista Energy Ltd. ("NuVista") on April 11, 2024 by means of a block trade through the facilities of the TSX (the "Transaction"). Paramount received $12.50 per NuVista Share for aggregate cash consideration of $75,000,000.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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