CALGARY,
AB, April 3, 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 April 28, 2023 to
shareholders of record on April 14,
2023. 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,
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.