July 6 (Reuters) - Paramount Resources Ltd POU.TO :
* Paramount Resources Ltd to acquire Apache (NYSE:APA) Canada Ltd. for $459.5 million; Paramount and Trilogy Energy Corp. Agree to merge
* Paramount Resources Ltd - paramount plans to fund Apache Canada acquisition with cash on hand and no debt will be assumed
* Paramount Resources - once completed Apache Canada acquisition, merger to result in co having combined Q4 2017 production expected to exceed 90,000 boe/d
* Paramount Resources-paramount, upon acquiring Apache Canada & merging with Trilogy, to become montney, duvernay & deep basin focused intermediate E&P co
* Paramount Resources Ltd - apache Canada acquisition is not conditional on completion of merger
* Paramount Resources Ltd - merger is conditional upon completion of Apache Canada acquisition and is targeted for completion in September 2017
* Paramount Resources-co's credit facility has been increased from $100 million to $300 million and revolving term of facility has been extended to April 30, 2018
* Paramount Resources - senior management of Paramount and Trilogy are expected to be part of Paramount management team following completion of merger
* Paramount Resources Ltd - it is anticipated that independent directors of trilogy will become directors of Paramount upon completion of merger
* Paramount Resources Ltd - Clayton Riddell to remain chairman, Jim Riddell to remain president and CEO of Paramount following completion of merger
* Paramount Resources Ltd - merger will not trigger any change of control payments Source text for Eikon: ID:nCNWR4yBDa Further company coverage: POU.TO