Paramax Resources Ltd. Sells Saskatchewan Properties
CALGARY, ALBERTA–(Marketwire – April 16, 2010) – Paramax Resources Ltd. (the “Corporation”) (TSX VENTURE:PXM) is pleased to announce that is has signed a binding agreement to sell to an arm’s length party its complete interest in the Fosterton Saskatchewan property. The property consisted of minority interests in two wells on 1/2 section of land. The Corporation had averaged approximately 9 BBL/day of production for the wells. Gross proceeds of $363,953 were received. The Corporation is awaiting final TSX-V approval of the sale.
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