Aug 17 (Reuters) - Paramount Resources Ltd POU.TO :
* PARAMOUNT RESOURCES LTD. PROVIDES UPDATE CONCERNING STRATH RESOURCES LTD. INVESTMENT
* PARAMOUNT RESOURCES - PARAMOUNT EXERCISED ITS RIGHT OF DISSENT UNDER BUSINESS CORPORATIONS ACT (ALBERTA) WITH RESPECT TO ITS COMMON SHARES OF STRATH
* PARAMOUNT RESOURCES - PURSUANT TO DISSENT RIGHT, PARAMOUNT IS ENTITLED TO BE PAID IN CASH FAIR VALUE OF ITS SHARES OF STRATH