Paramount Resources Ltd. completes Equity Offerings for approximately $350 million

On July 9, 2014, Paramount Resources Ltd. ("Paramount"), a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada, completed a public offering of 4,600,000 Class A Common Shares (the Common Shares) at a price of $60.00 per share for gross proceeds of $276,000,000 and 900,000 Class A Common Shares issued on a "flow-through" basis in respect of Canadian exploration expenses (the Flow-Through Shares) at a price of $74.40 per share for gross proceeds of $66,960,000.  Both the Common Shares and the Flow-Through Shares were sold through a syndicate of underwriters co-led by BMO Capital Markets, RBC Capital Markets, Scotiabank and Peters & Co. Limited.

Paramount also completed a non-brokered private placement of 100,000 Class A Common Shares issued on a "flow-through" basis in respect of Canadian exploration expenses to Clayton H. Riddell, Chairman and Chief Executive Officer of Paramount, for gross proceeds of $7,440,000.

Norton Rose Fulbright acted for Paramount on all aspects of the equity offerings. The team was led by Kevin Johnson and included Marcus Archer, Peter Wiazowski and Saptarshi Chakraborty (securities) and Darren Hueppelsheuser and Brian Milne (tax).