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Stock Market & Financial Investment News

News Breaks
January 30, 2014
08:17 EDTPZGParamount Gold & Silver finds higher grades than predicted at San Miguel
Paramount Gold and Silver reported additional outstanding results from ongoing core drilling on its 100%-owned San Miguel Project in northern Mexico. Paramount has been drilling at San Miguel since late last year with two core drill rigs. Three more holes were drilled into the Don Ese area to upgrade and expand resources. Infill drill hole DS-13-040 intersected 23.9 m grading 4.99 g/T of gold and 336 g/T of silver including individual intercepts up to 59 g/T of gold and 2,793 g/T of silver, over 80 ounces of silver per ton. Step out hole DS-13-42,drilled about 140 meters down dip from DS-13-040, returned 24.3 meters of 4.82 g/T of gold and 312 g/T of silver, including intercepts up to 13.2 g/T of gold and 697 g/T of silver. These results are expected to add ounces to the Don Ese resource and to improve the confidence level of the resources from inferred to measured and indicated.
News For PZG From The Last 14 Days
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April 17, 2015
16:07 EDTPZGParamount Gold & Silver completes merger with Coeur Mining
Paramount Gold and Silver (PZG) announced that the proposals related to the merger agreement with Coeur Mining (CDE) were approved by both Paramount and Coeur stockholders and that the transaction has closed. Immediately prior to the consummation of the merger, Paramount distributed pro rata to its stockholders 8,101,371 shares of Paramount's wholly-owned subsidiary, Paramount Gold Nevada Corp. SpinCo is expected to begin "regular way" trading on the NYSE MKT on April 20 under the symbol "PZG", CUSIP number 69924M109. In connection with the completion of the transaction, Paramount's common stock will be delisted from the NYSE MKT and Toronto Stock Exchange. Paramount will no long trade as an independent company after market close and will be a wholly-owned subsidiary of Coeur.
April 10, 2015
05:10 EDTPZGParamount Gold & Silver receives listing approval for SpinCo on NYSE
Paramount Gold and Silver (PZG) announced that its wholly-owned subsidiary Paramount Gold Nevada Corp. has received approval from NYSE Regulation, Inc. for listing of Paramount Gold Nevada on the NYSE MKT, subject to SpinCo being in compliance with all listing standards on the date it begins trading on the Exchange. Paramount intends to spin-off of Paramount Gold Nevada as a separate, publicly traded company in connection with the previously announced merger of Paramount and Coeur Mining (CDE). Paramount stockholders of record at the close of business on April 14, will be entitled to receive one share of common stock of SpinCo for every 20 shares of Paramount common stock held by such stockholder, payable or issuable upon the closing of the merger, provided that they continue to hold their Paramount shares at the time of closing of the merger. Cash will be paid in lieu of issuing fractional shares of stock.
April 9, 2015
17:20 EDTPZGParamount Gold & Silver provides spin-off transaction update
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