Paramount Resources Ltd. has entered into an agreement to sell its Fox Drilling subsidiary to AKITA Drilling Ltd. for 19,264,270 voting common shares of AKITA. The transaction includes six triple drilling rigs and is expected to close in June 2026, pending shareholder approvals and other conditions. Paramount plans to distribute the AKITA shares to its shareholders, who will collectively hold approximately 33% of AKITA's outstanding shares post-transaction.
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