CALGARY, AB, Dec. 1, 2021 /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
$0.06 per Common Share that will be
payable on December 31, 2021 to
shareholders of record on December
15, 2021. The dividend will be designated as an
"eligible dividend" for Canadian income tax
purposes.
ABOUT PARAMOUNT
Paramount is an independent, publicly traded, liquids-focused
Canadian energy company that explores for and develops both
conventional and unconventional petroleum and natural gas reserves
and resources, 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".
FORWARD-LOOKING INFORMATION
The 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 any
future dividends under the Company's monthly dividend program 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, 2020, 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.