Paramount Resources Ltd. Completes Previously Announced Flow-Through Share Offerings Totaling Approximately $60 Million

Paramount Resources Ltd. Completes Previously Announced Flow-Through Share 
Offerings Totaling Approximately $60 Million 
CALGARY, ALBERTA -- (Marketwired) -- 10/16/13 -- Paramount Resources
Ltd. (TSX:POU) ("Paramount") has completed its previously announced
public offering of 1,115,000 Class A Common Shares of Paramount
issued on a "flow-through" basis in respect of Canadian exploration
expenses ("FTS") at a price of $44.00 per FTS for gross proceeds of
$49,060,000. The FTS were sold through a syndicate of underwriters
co-led by RBC Capital Markets, BMO Capital Markets and Peters & Co.
Limited. 
Paramount has also completed its previously announced non-brokered
private placement of FTS at a price of $44.00 per FTS to Clayton H.
Riddell and James H. T. Riddell and/or companies controlled by them
for gross proceeds of approximately $10 million as well as to certain
other directors, officers and employees of Paramount and other
persons for gross proceeds of approximately $1 million.  
Paramount is a Canadian oil and natural gas exploration, development
and production company with operations focused in Western Canada.
Paramount's Class A Common Shares are listed on the Toronto Stock
Exchange under the symbol "POU". 
Contacts:
Paramount Resources Ltd.
J.H.T. (Jim) Riddell
President and Chief Operating Officer
(403) 290-3600
(403) 262-7994 (FAX) 
Paramount Resources Ltd.
B.K. (Bernie) Lee
Chief Financial Officer
(403) 290-3600
(403) 262-7994 (FAX)
 
 
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