In the case of a special meeting of shareholders (which is not also an annual meeting), notice must be given to the Corporation not later than the close of business on the 15th day following the first public announcement of the date of the special meeting.
Advance notice requirements have been adopted by a number of Canadian issuers, and the deadlines in Paramount's Advance Notice Requirement are supported by Institutional Shareholder Services Inc.
The By-laws (including the Advance Notice Requirement) are effective immediately. At the annual meeting of shareholders to be held on May 8, 2013, shareholders will be asked to confirm and ratify the By-laws. A copy of the By-laws will be made available under the Company's profile at www.sedar.com.
Paramount Resources Ltd. is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's common shares are listed on the Toronto Stock Exchange under the symbol "POU".
A copy of this press release in PDF format can be obtained at http://media3.marketwire.com/docs/307pou_pr.pdf. Paramount's Management's Discussion and Analysis for the year ended December 31, 2012 can be found at http://media3.marketwire.com/docs/307pou_mda.pdf and the Company's Consolidated Financial Statements for the year ended December 31, 2012 can be obtained at http://media3.marketwire.com/docs/307pou_fins.pdf. This information will also be made available through Paramount's website at www.paramountres.com and SEDAR at www.sedar.com.
Paramount's Annual Information Form ("AIF") for the year ended December 31, 2012, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101, will also be made available through Paramount's website at www.paramountres.com and SEDAR at www.sedar.com.
Certain statements in this document constitute forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate", "believe", "estimate", "expect", "plan", "schedule", "intend", "propose", or similar words suggesting future outcomes or an outlook. Forward looking information in this document includes, but is not limited to:
-- expected production and sales volumes and the timing thereof;-- exploration, development and strategic investment plans and strategies and the anticipated costs, timing, and results thereof;-- budget allocations and capital spending flexibility;-- the availability and adequacy of facilities to process, de-ethanize, fractionate and transport natural gas and NGLs production;-- the scope, timing, and cost of proposed new facilities and facilities expansions and the expected capacity and benefits of such facilities;-- the negotiation and completion of arrangements for the transportation and sales of natural gas, NGLs, and bitumen;-- the timing and scope of the anticipated development of oilsands, carbonate bitumen, and shale gas assets;-- expected drilling programs, well tie-ins, facility construction and expansions, completions and the timing, scope and results thereof;-- estimated reserves and resources and the undiscounted and discounted present value of future net revenues from such reserves and resources (including the forecast prices and costs and the timing of expected production volumes and future development capital);-- future taxes payable or owing;-- business strategies and objectives;-- sources of and plans for funding Paramount's exploration, development, facilities and other expenditures;-- acquisition and disposition plans;-- operating and other costs and royalty rates;-- regulatory applications and the anticipated timing, results and scope thereof; and-- the outcome and timing of any legal claims, insurance claims, audits, assessments and regulatory matters and proceedings.