Byron Capital Markets Initiates Paramax at Speculative Buy with C$0.80 Target Price

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Thu Apr 22, 2010 9:55am EDT 

  TORONTO, ONTARIO, Apr 22 (MARKET WIRE) -- 
Byron Capital Markets, a division of Byron Securities Limited, is pleased
to announce that it has initiated coverage today on Paramax Resources Ltd
(TSX VENTURE: PXM) with a Speculative Buy rating and a target price of
$0.80.

    In this 11-page research report, energy analyst Guy Gordon gives a
comprehensive overview of this junior oil and gas exploration and
development company, and speaks of their recent successful efforts as a
low cost, high impact, driller in the Boise Basin.

    This report further exemplifies Byron Capital Markets' continuing
commitment to research and, in particular, its ongoing efforts in the
energy space.

Contacts:
Byron Capital Markets
Cyrus Osena
647.426.1675
cosena@byroncapitalmarkets.com

Copyright 2010, Market Wire, All rights reserved.

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