SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Oil Sands and Related Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jimsioi who wrote (348)3/28/2005 4:44:14 PM
From: Taikun  Read Replies (1) of 25575
 
POU.TO-trust conversion approved

Paramount's Securityholders Approve Trust Spinout Transaction
3/28/05
CALGARY, ALBERTA, Mar 28, 2005 (CCNMatthews via COMTEX) --

Paramount Resources Ltd. (TSX:POU) announces that at the special meeting of its shareholders and optionholders held this morning its shareholders and optionholders overwhelmingly approved the arrangement under the Business Corporations Act (Alberta) pursuant to which Paramount's previously announced trust spinout transaction is to be effected. Shareholders and optionholders voted 99.9 percent in favour of the arrangement and the arrangement also received the majority of the minority approval required.

Paramount's application to the Court of Queen's Bench for approval of the arrangement is scheduled for March 29, 2005. If court approval is obtained, the trust spinout is scheduled to be completed on April 1, 2005.

Paramount Resources Ltd.
C.H. (Clay) Riddell
Chairman and Chief Executive Officer
(403) 290-3600
(403) 262-7994 (FAX)
or
Paramount Resources Ltd.
J.H.T. (Jim) Riddell
President and Chief Operating Officer
(403) 290-3600
(403) 262-7994 (FAX)
or
Paramount Resources Ltd.
B.K. (Bernie) Lee
Chief Financial Officer
(403) 290-3600
(403) 262-7994 (FAX)
or
Paramount Resources Ltd.
4700 Bankers Hall West
888 3rd Street SW
Calgary, Alberta T2P 5C5

NEWS RELEASE TRANSMITTED BY CCNMatthews

Copyright (C) 2005, CCNMatthews. All rights reserved.

© 2005 Stockgroup Media Inc. | Disclaimer

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News