CALGARY,
AB, Sept. 1, 2023 /CNW/ - Paramount Resources
Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to
announce 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. The dividend will be designated as an "eligible
dividend" for Canadian income tax purposes.
About Paramount
Paramount is an independent, publicly traded, liquids-rich
natural gas focused Canadian energy company that explores for and
develops both conventional and unconventional petroleum and natural
gas, including longer-term strategic exploration and
pre-development plays, and holds a portfolio of investments in
other entities. The Company's principal properties are located in
Alberta and British Columbia. Paramount's class A common
shares are listed on the Toronto Stock Exchange under the symbol
"POU".
ADVISORIES
The potential payment of future dividends under the Company's
monthly dividend program would be considered forward-looking
information under applicable securities legislation. Although
Paramount believes that the expectations reflected in such
forward-looking information are reasonable based on the information
available at the time of this press release, undue reliance should
not be placed on the forward-looking information as Paramount can
give no assurance that such expectations will prove to be correct.
Such forward-looking information is based on a number of
assumptions which may prove to be incorrect, including assumptions
as to the Company's future free cash flow, operating results,
capital requirements and financial position. There are risks
that may result in the Company changing, suspending or
discontinuing its monthly dividend program, including changes to
free cash flow, operating results, capital requirements, financial
position, market conditions or corporate strategy and the need to
comply with requirements under debt agreements and applicable laws
respecting the declaration and payment of dividends. There are no
assurances as to the continuing declaration and payment of future
dividends by the Company or the amount or timing of any such
dividends. For more information relating to risks, see
"Risk Factors" in Paramount's annual information form
for the year ended December 31, 2022,
which is available on SEDAR at www.sedar.com.
Any forward-looking information is provided as of the date
hereof and, except as required by applicable securities law,
Paramount undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
SOURCE Paramount Resources Ltd.