Paramount Resources Ltd. Announces Director Election Results From Its 2015 Annual Meeting of Shareholders
CALGARY, ALBERTA - May 7, 2015 /CNW/ - Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that at its annual meeting of shareholders held on May 7, 2015 the following nine director nominees were elected:
| NOMINEE | VOTES FOR | VOTES WITHHELD | |||||
| Number | Percent (%) | Number | Percent (%) | ||||
| CLAYTON RIDDELL | 86,907,335 | 98.41% | 1,408,235 | 1.59% | |||
| JAMES RIDDELL | 86,032,552 | 97.41% | 2,283,170 | 2.59% | |||
| JAMES BELL | 83,481,660 | 94.53% | 4,833,910 | 5.47% | |||
| THOMAS CLAUGUS | 87,114,843 | 98.64% | 1,200,727 | 1.36% | |||
| JOHN GORMAN | 83,384,018 | 94.42% | 4,931,552 | 5.58% | |||
| DIRK JUNGE | 87,843,393 | 99.47% | 472,177 | 0.53% | |||
| DAVID KNOTT | 87,833,400 | 99.45% | 482,170 | 0.55% | |||
| SUSAN RIDDELL ROSE | 83,652,202 | 94.72% | 4,663,368 | 5.28% | |||
| JOHN ROY | 83,023,046 | 94.01% | 5,292,524 | 5.99% | |||
Also, the re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation was approved.
| VOTES FOR | VOTES WITHHELD | ||||||
| Number | Percent (%) | Number | Percent (%) | ||||
| 89,588,607 | 99.48% | 494,460 | 0.52% | ||||
In addition, all unallocated options under Paramount's Stock Option Plan were authorized and approved.
| VOTES FOR | VOTES AGAINST | ||||||
| Number | Percent (%) | Number | Percent (%) | ||||
| 68,285,182 | 77.32% | 20,030,377 | 22.68% | ||||
Paramount is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's Class A Common Shares are listed on the Toronto Stock Exchange under the symbol "POU".
For further information: Paramount Resources Ltd., J.H.T. (Jim) Riddell, President and Chief Operating Officer, (403) 290-3600 / Paramount Resources Ltd., B.K. (Bernie) Lee, Chief Financial Officer, (403) 290-3600, (403) 262-7994 (FAX), www.paramountres.com
