By Sheri Kasprzak
New York, Oct. 13 - Paramount Gold Mining Corp. priced a $1 million private placement.
The non-brokered offering includes up to 384,615 shares at $2.60 each, a 5.7% premium to the company's $2.46 closing stock price on Thursday.
Proceeds will be used for a second drilling rig at the company's San Miguel project in Mexico and for the start of drilling at the Santos property in Peru.
Based in Ottawa, Paramount is a gold and precious metals exploration and development company.
| Issuer: | Paramount Gold Mining Corp.
|
| Issue: | Stock
|
| Amount: | $1 million
|
| Shares: | 384,615
|
| Price: | $2.60
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Oct. 13
|
| Stock symbol: | Pink Sheets: PGDP
|
| Stock price: | $2.46 at close Oct. 12
|
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