Paramount Resources Ltd. Announces Director Election Results From its 2018 Annual Meeting of Shareholders

CALGARY, May 9, 2018 /CNW/ - Paramount Resources Ltd. ("Paramount") (TSX - "POU") announces that at its annual meeting of shareholders held on May 9, 2018 the following ten director nominees were elected:

NOMINEE


VOTES FOR

VOTES WITHHELD



Number

Percent (%)

Number

Percent (%)

CLAYTON RIDDELL


108,363,678

98.84%

1,274,485

1.16%

JAMES RIDDELL


109,217,048

99.62%

421,115

0.38%

JAMES BELL


107,287,455

97.86%

2,350,708

2.14%

WILFRED GOBERT


109,299,164

99.69%

338,999

0.31%

JOHN GORMAN


107,917,376

98.43%

1,720,787

1.57%

DIRK JUNGE


108,808,859

99.24%

829,304

0.76%

ROBERT MACDONALD


109,309,812

99.70%

328,351

0.30%

KEITH MACLEOD


109,313,516

99.70%

324,647

0.30%

SUSAN RIDDELL ROSE


107,544,156

98.09%

2,094,007

1.91%

JOHN ROY


106,801,831

97.41%

2,836,332

2.59%

 

The re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation was approved.

VOTES FOR

VOTES WITHHELD

Number

Percent (%)

Number

Percent (%)

112,120,791

99.49%

577,105

0.51%

 

Also, amendments to Paramount's stock option plan were authorized and approved.

VOTES FOR

VOTES AGAINST

Number

Percent (%)

Number

Percent (%)

91,935,650

83.85%

17,702,513

16.15%

 

In addition, all unallocated options under Paramount's Stock Option Plan were authorized and approved.

VOTES FOR

VOTES AGAINST

Number

Percent (%)

Number

Percent (%)

91,956,076

83.87%

17,682,087

16.13%

 

Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas resources, including long-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities.  The Company's principal properties are located in Alberta and British Columbia.  Paramount's Class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".

SOURCE Paramount Resources Ltd.

For further information: Paramount Resources Ltd., J.H.T. (Jim) Riddell, President and Chief Executive Officer; B.K. (Bernie) Lee, Executive Vice President, Finance and Chief Financial Officer, Phone: (403) 290-3600

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