CALGARY,
AB, April 1, 2024 /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 April 30, 2024 to
shareholders of record on April 15,
2024. 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, 2023,
which is available on SEDAR+ at www.sedarplus.ca.
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.
