Paramount Resources Ltd. Disposes of a Portion of Its Investment in the Common Shares of NuVista Energy Ltd.
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids.
The NuVista Shares disposed of pursuant to the Transaction represented 2.91% of the 206,332,335 NuVista Shares reported by the TSX to be outstanding as of
The purpose of the Transaction was to monetize a portion of
Depending on various factors including, without limitation, NuVista's financial condition, business, operations and prospects, the prevailing market price of the NuVista Shares, conditions in the securities markets, general economic and industry conditions, the terms and conditions applicable to any potential transaction and such other factors that
- acquire NuVista Shares or other securities of NuVista from time to time on the open market, in privately negotiated transactions or by other means;
- make public or private proposals, whether to NuVista or to the securityholders of NuVista, relating to the acquisition of all or a portion of the outstanding NuVista securities it does not own, including, without limitation, by a corporate transaction such as an amalgamation or plan of arrangement or by a formal or exempt take-over bid; and
- dispose of any of the NuVista Shares or other securities of NuVista it holds from time to time on the open market, in privately negotiated transactions or by other means.
For inquiries or a copy of the related early warning report in respect of the Transaction, a copy of which is filed on SEDAR+ at www.sedarplus.ca, please contact:
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