Paramount Resources closes sale of Fox Drilling to Akita Drilling, to distribute 19,264,270 Akita shares to holders

  • Paramount Resources closed the sale of its Fox Drilling subsidiary to AKITA Drilling.
  • Consideration comprised 19,264,270 AKITA voting common shares, representing about 33.5% of AKITA shares outstanding post-transaction.
  • All AKITA shares received will be distributed to Paramount shareholders as a special dividend in kind.
  • Record date is July 9, 2026; payment date is July 16, 2026.
  • Distribution ratio set at 0.132 AKITA share per Paramount share, subject to final adjustment based on shares outstanding at record date.


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