BRIEF-Paramount Resources monetizes part of its Seven Generations' share

Fri Sep 23, 2016 3:26am EDT
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Sept 23 (Reuters) - Paramount Resources Ltd :

* Announces the monetization of part of its Seven Generations Energy Ltd shares and provides operational update

* Has received approximately $310 million in cash and will realize balance of proceeds in late December 2016

* Has monetized aggregate of 24.7 million 7g shares through sale transactions for gross proceeds of approximately $735 million Source text for Eikon: Further company coverage: