Paramount Resources Ltd. Completes Acquisition of MGM Energy Corp.

Paramount Resources Ltd. Completes Acquisition of MGM Energy Corp. 
CALGARY, ALBERTA -- (Marketwired) -- 06/11/14 --   Paramount
Resources Ltd. (TSX: POU) and MGM Energy Corp. (TSX: MGX) announced
today that Paramount has completed the acquisition of all of the
outstanding common shares of MGM Energy not owned by it pursuant to
an arrangement under the Business Corporations Act (Alberta).
Paramount issued 1,127,790 Class A Common Shares in connection with
the transaction. The common shares of MGM Energy are expected to be
delisted from the Toronto Stock Exchange within two or three trading
days. 
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 
Paramount Resources Ltd.
B.K. (Bernie) Lee
Chief Financial Officer
(403) 290-3600
(403) 262-7994 (FAX)
 
 
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