By Sheri Kasprzak
New York, May 11 - Paramount Gold Mining Corp. has settled a $1 million private placement.
The company issued 235,294 shares at $4.25 each to Alpha Capital.
The funds raised from the deal will be used for exploration and drilling at the San Miguel project in Mexico and on the Linda project in Peru.
Paramount, based in Ottawa, Ont., is a gold exploration company.
| Issuer: | Paramount Gold Mining Corp.
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| Issue: | Stock
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| Amount: | $1 million
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| Shares: | 235,294
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| Price: | $4.25
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| Warrants: | No
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| Investor: | Alpha Capital
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| Settlement date: | May 11
|
| Stock symbol: | Pink Sheets: PGDP
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| Stock price: | $4.02 at close May 11
|
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