Paramount Gold Nevada Corp. Closes $3.66 Million Equity Financing

February 15, 2017

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WINNEMUCCA, NEVADA–(Marketwired – Feb. 15, 2017) – Paramount Gold Nevada Corp. (NYSE MKT:PZG) (“Paramount” or “the Company”) announced today that it has closed the previously announced (press release – February 7, 2017) non-brokered private placement funding of common stock and warrants (the “Transaction”) with accredited investors. The Company issued 2,090,000 units at $1.75 per unit for aggregate proceeds of $3,657,500. Each unit consists of one share of common stock and one warrant to purchase one-half of a share of common stock. Each warrant has a two-year term and is exercisable at the following exercise prices: in the first year at $2.00 per share and in the second year at $2.25 per share. There were no commissions or underwriting fees paid in connection with the Transaction.

Category: General