TMX Group today offers its sincere condolences on the passing of Paramount Resources founder and Chairman Clayton Riddell.

Lou Eccleston, TMX Group Chief Executive Officer said:

"Mr. Riddell personified the entrepreneurial spirit of Canada's oil and gas industry and leaves behind an indelible legacy of leadership. During his stellar, decades-long business career, Mr. Riddell dedicated himself to bettering his community, through his extensive philanthropic work and enthusiastic support of education and sport. A proud Calgarian, his profound influence and positive impact will be felt in the city and throughout the province of Alberta for generations to come. TMX offers our deepest sympathies to Mr. Riddell's family, friends and former colleagues."