- Paramount Gold Nevada (NYSE:PZG) has agreed to sell 2.4M units at $1.25/unit for aggregate proceeds of $3M.
- Each unit consists of one share of common stock and one warrant to purchase one-half of a share of common stock.
- Net proceeds will be used primarily to advance the mine permitting process for the proposed underground mine at Grassy Mountain and other will include an exploration program of several high priority targets which are in close proximity to Grassy Mountain and for general corporate purposes.
- Press Release