In September 2019, the Company entered into agreements with accredited investors and issued convertible notes in a private
transaction (the “Private Placement”). Under the terms of the Private Placement, Paramount sold an aggregate of 5,478 notes at $975
per $1000 face amount with a four-year maturity for aggregate proceeds of $5.34 million. Each convertible note bears an interest rate
of 7.5% per annum, payable semi-annually. The principle amount of the convertible notes is convertible at a price of $1.00 per share
of Paramount common stock. At any point after the second anniversary of the issuance of the convertible notes, Paramount may force
conversion if the share price of its common stock remains above $1.75 for 20 consecutive trading days. The convertible notes are
secured by a lien on all assets of the Company and, pursuant to the terms of the convertible notes, the Company is required to maintain
a working capital balance of $250,000.
Recent PZG News
- Oregon Set to Commence Writing Draft Permits for Paramount’s High Grade Grassy Mountain Gold Mine • GlobeNewswire Inc. • 08/27/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:02:07 PM
- BLM and DOGAMI Agree to a Joint Reclamation Bond for the Proposed Grassy Mountain Gold and Silver Mine • GlobeNewswire Inc. • 05/21/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:40:03 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/16/2024 08:34:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:15:50 PM
- BLM Issues Notice of Intent for Paramount Gold’s Proposed High-Grade Grassy Mountain Gold and Silver Mine • GlobeNewswire Inc. • 03/19/2024 11:00:00 AM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 03/08/2024 09:52:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:30:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 03:50:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 10:30:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 09:30:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 09:15:29 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/06/2024 09:06:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 10:00:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 10:00:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 09:35:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/18/2024 02:59:47 PM
- Paramount Gold Nevada Closes $15 Million Financing With Sprott Streaming • GlobeNewswire Inc. • 12/28/2023 12:00:00 PM
- Paramount Gold Announces The Voting Results Of Its 2023 Annual General Meeting • GlobeNewswire Inc. • 12/13/2023 10:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 09:50:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:15:40 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 11/07/2023 10:22:31 PM
- Paramount’s Grassy Mountain Receives Notice to Proceed From Oregon State Regulators • GlobeNewswire Inc. • 11/06/2023 12:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 10/26/2023 08:41:57 PM
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Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM