Paramount Resources Ltd. (TSX:POU) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 7,110,667 common shares, representing 5.43% of the issued share capital. The repurchased shares will be cancelled. The bid will terminate on the earlier of January 3, 2020 and the date on which the maximum number of common shares that can be acquired pursuant to the bid are purchased. As of December 21, 2018, the company had 130,898,988 shares in issue and outstanding.