Key Developments: Paramount Gold and Silver Corp (PZG.A)

PZG.A on American Stock Exchange

0.94USD
19 Dec 2014
Price Change (% chg)

$-0.01 (-1.05%)
Prev Close
$0.95
Open
$0.95
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$1.03
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$0.94
Volume
6,197,504
Avg. Vol
251,519
52-wk High
$1.48
52-wk Low
$0.55

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Latest Key Developments (Source: Significant Developments)

Paramount Gold And Silver Corp announces agreement to be acquired by Coeur and spin-off of new exploration and development company
Wednesday, 17 Dec 2014 06:30am EST 

Paramount Gold And Silver Corp:Paramount Gold and Silver Corp. and Coeur Mining, Inc. have entered into an agreement and plan of merger, dated as of Dec. 16.Pursuant to which Coeur will acquire all of issued and outstanding shares of common stock of Paramount and San Miguel Project.As condition to closing the merger, shares of Paramount's subsidiary holding Nevada mining assets will be spun-off to holders of company's common stock.Pursuant to merger agreement, Coeur will acquire each share of outstanding Paramount common stock from Paramount's stockholders in exchange for 0.2016 of a share of Coeur common stock.In addition, Paramount stockholders will receive their pro rata share of the outstanding shares of an existing subsidiary or newly incorporated subsidiary (SpinCo) of Paramount.SpinCo will hold Paramount's interest in Sleeper Gold, Mill Creek and Spring Valley Projects in Nevada and will be capitalized with $10 mln in cash from Coeur.Upon completion of merger, Paramount stockholders will hold, in aggregate, a 95.1 pct interest in SpinCo and Coeur will hold the remaining 4.9 pct.  Full Article

Coeur Mining in talks to acquire Paramount Gold-sources

Nov 30 - Coeur Mining Inc, the biggest U.S. producer of silver, is in advanced negotiations to acquire Paramount Gold and Silver Corp, according to people familiar with the matter, as it seeks to expand its mining footprint in Mexico.

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