March 17 (Reuters) - Paramount Resources Ltd POU.TO
* Paramount will receive $556 million in cash at closing,
plus a $35 million capital commitment
* Paramount will receive $556 million in cash at closing,
plus a $35 million capital commitment
* RBC capital markets is acting as financial advisor to
Paramount on midstream transaction
* Paramount announces the sale of its musreau complex for
cash and other considerations in excess of $600 million and
releases its 2015 annual results
* Entered agreement with unit of Pembina Pipeline for sale
of its Musreau Complex and related midstream assets
* As part of midstream transaction, co and Pembina have
entered into midstream service agreement which includes a
20-year arrangement
* Upon closing, proceeds from midstream transaction will be
used to pay down company's bank credit facility
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