July 6, 2017 / 10:19 PM / a year ago

BRIEF-Trilogy Energy agrees to merge with Paramount Resources

July 6 (Reuters) - Trilogy Energy Corp:

* Trilogy Energy Corp. Agrees to merge with Paramount Resources Ltd.

* Trilogy Energy Corp - Paramount today announced that it has also entered into an agreement to acquire Apache Canada Ltd

* Trilogy Energy Corp - ‍upon completion of merger, Paramount will have approximately 134.7 million shares outstanding​

* Trilogy Energy Corp - merger with Paramount is conditional upon, among other things, Paramount completing acquisition of Apache Canada

* Trilogy Energy - Paramount would buy all shares, non-voting shares of Trilogy not already owned by Paramount for class A common shares of Paramount

* Trilogy Energy - Paramount to buy shares of Trilogy not already owned by Paramount on basis of one Paramount share for every 3.75 of co’s shares

* Trilogy Energy Corp - outstanding high yield notes of Trilogy will remain outstanding following completion of merger

* Trilogy Energy - ‍clayton H. Riddell will beneficially own or control, directly or indirectly, about 44% of outstanding shares of Paramount, post merger​ Source text for Eikon: Further company coverage:

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