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Financings

Paramount closes sale of 18.5M NuVista shares for $296M

By The Northwire Desk — AI Analysis Oct 02, 2025 · 01:56 POU · 22.60 Paramount Resources Ltd
POU · Price

Executive Summary

  • Paramount Resources closed the sale of 18.5 million NuVista Energy Ltd. common shares, generating $296 million in cash proceeds.
  • The board declared a cash dividend of C$0.05 per common share payable on Oct. 31, 2025 to shareholders of record on Oct. 15, 2025.
  • Proceeds from the sale will be used to fund ongoing exploration, development projects and corporate purposes, strengthening the company’s balance sheet.

Key Details

  • Sale Completion: 18.5 million NuVista Energy Ltd. common shares sold; transaction previously announced.
  • Cash Consideration: Aggregate cash proceeds of $296 million received at closing.
  • Dividend Declaration: Cash dividend of C$0.05 per common share, designated as an eligible dividend for Canadian tax purposes.
  • Payment Dates: Dividend payable on Oct. 31, 2025 to shareholders of record on Oct. 15, 2025.
  • Use of Proceeds (implied): Funds intended to support exploration and development activities, reduce debt, and general corporate purposes.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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