Canada NewsWire
CALGARY, May 30, 2017
CALGARY, May 30, 2017 /CNW/ - Paramount Resources Ltd.
("Paramount") (TSX: POU) is pleased to announce that it has closed its previously announced sale of its oil and gas
properties in the Valhalla area of Alberta for cash
consideration of approximately $150 million.
About Paramount
Paramount is an independent, publicly traded, Canadian energy company that explores and develops unconventional and
conventional petroleum and natural gas prospects, including long-term unconventional exploration and pre-development projects,
and holds a portfolio of investments in other entities. The Company's principal properties are primarily located in Alberta and British Columbia. Paramount's Class A common shares are listed
on the Toronto Stock Exchange under the symbol "POU".
SOURCE Paramount Resources Ltd.
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