Oct 11 (Reuters) - Paramount Resources Ltd POU.TO :
* Paramount Resources Ltd. Announces a normal course issuer bid
* Paramount Resources Ltd says paramount may purchase up to 5.4 million common shares under NCIB
* Paramount Resources Ltd says NCIB will commence on October 13, 2016 and will terminate on earlier of October 12, 2017 Source text for Eikon: Further company coverage: POU.TO