Paramount Resources Ltd T.POU

Cross

[not4anymore]

2 million share cross this am. 
From SEDAR ....J. Riddell intends to effect a disposition in the near term of approximately 2,000,000 Common Shares to a corporation owned and controlled by a family member.

[MyHoneyPot]

That positive do you know who that faimly member is, or is it Mike Rose his brother in law, all positive from my perspective. He ownly owns half the company. As well did he not just esentially buy another 4 million shares for himself.  IMHO

[RookieReturns]

Can you link or screen shot the Paramount info stating he is giving someone in the family shares HP? I couldn't find that. 

[Raymondjames]

Rookie - go to Sedar for the details but JR controls Treherne Resources. That Company bought $25m of the $35m debenture. All good. Super positive move 

[MyHoneyPot]

Sedar.ca January 25 Early Warning Report The Debentures were acquired for investment purposes. Depending on the evolution of Paramount’s business, financial condition, the market, if any, for Paramount’s securities, general economic conditions and other factors, J. Riddell may acquire additional Paramount securities, or sell Paramount securities he owns, controls or directs, in the open market

[RookieReturns]

It does, thank you! I hadn't noticed that!