03:54 PM EST - Paramount Resources Ltd. : said it acquired ownership and control of an additional 2.72 million Class A shares of Redcliffe Exploration Inc., since July 21, 2009, through open market acquisitions and pursuant to the private placement offering. Paramount acquired ownership and control of a total of 1.14 million Class A shares of Redcliffe pursuant to the private placement offering and a total of 1.57 million Class A shares through open market purchases. Since the last Early Warning Report, Paramount also acquired 57,444 Class B shares of Redcliffe through open market purchases. As at December 17, 2009, Paramount and Clayton H. Riddell collectively own 19.89 million Class A shares of Redcliffe, representing approximately 16.79% of Redcliffe's outstanding Class A shares after giving effect to the private placement offering. Paramount Resources Ltd.
shares T.POU are trading up $0.25 at $14.75.
