Paramount Resources Ltd. reported that, due to strong demand, Paramount has increased the size of its previously announced public offering of Class A Common Shares (Common Shares) to be issued on a "flow-through" basis in respect of Canadian exploration expenses (CEE) to 1,936,000 Common Shares at a price of $31.00 per share for gross proceeds of $60,016,000.

In addition, the Company is also issuing 356,000 Common Shares to be issued on a "flow-through" basis in respect of Canadian development expenses (CDE) at a price of $28.15 per share, for gross proceeds of $10,021,400.

Tags: Paramount Resources Ltd.