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Article: Paramount Gold and Silver Announces Common Stock Offering.
- Article from:
- Marketwire Canada
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OTTAWA, ONTARIO, Oct 5, 2009 (Marketwire via COMTEX) -- PARAMOUNT GOLD AND SILVER CORP. (TSX:PZG)(NYSE Amex:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) (the "Company" or "Paramount"), a precious metals exploration company, is pleased to announce that it intends to offer 16 million shares of its common stock pursuant to its shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") and a shelf prospectus filed with the securities regulatory authority in Ontario, Canada.
Paramount intends to use the net proceeds of the offering for exploration of its San Miguel project, for newly acquired projects in the Palmarejo mining district, for the ...