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Paramount Resources Completes $55 Million Private Placement

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September 21, 2012

Paramount Resources Ltd. (POU.TO) has completed its previously announced private placement of "flow-through" common shares to a corporation controlled by Clayton H. Riddell, Paramount's chairman and chief executive officer, for gross proceeds of $55,044,600.

The proceeds will be used by Paramount to incur eligible Canadian exploration expenses and eligible Canadian development expenses. ...

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