Paramount Resources Ltd. will list an additional 3.5 million Class A shares on the Toronto Stock Exchange at the open on Wednesday, May 22, 2013, according to the TSX. As in a May 13, 2013, prospectus supplement, the company plans to sell 3.5 million shares to the public at $37.50 each, raising $131.25-million. It has granted the underwriters an overallotment option to buy up to 525,000 more shares at the same price for 30 days from the closing of the offering. The company plans to use the money raised to finance its 2013 capital expenditure program and for general corporate purposes.
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