Canadian oil and natural gas explorer Paramount Resources Ltd will buy the remaining stake in ProspEx Resources Ltd it does not already own for C$131.8 million to increase its exposure to liquid-rich natural gas assets. Shares of ProspEx rose 16 percent to C$2.38, their highest in more than a year, on Friday morning on the Toronto Stock Exchange. Paramount shares fell 2 percent to C$32.56. The deal gives Alberta-based Paramount, which already owns 9 percent in ProspEx, access to liquid-rich assets in Montney, British Columbia.
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