NEW ORLEANS, Dec. 18, 2014 /PRNewswire/ -- Former Attorney
General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of
Kahn Swick & Foti, LLC ("KSF") are investigating the proposed
sale of Paramount Gold and Silver Corp. ("Paramount" or the
"Company") (NYSE MKT and TSX: PZG) to Coeur Mining, Inc. (NYSE:
CDE). Immediately prior to completion of the merger, Paramount will
spin-off to its existing stockholders a separate, publicly traded
company, expected to be named Paramount Nevada Gold Corp.
("SpinCo"), a subsidiary that owns the Sleeper Gold Project and
other assets in Nevada. As part of
the transaction, Coeur will provide $10
million in cash to SpinCo and receive a 4.9% common share
interest. Under the terms of the proposed transaction, shareholders
of Paramount will receive (a) 0.2016 Coeur shares per Paramount
share, equal to $0.90 based on
Coeur's 20-day volume weighted average price of $4.47 as of December 16,
2014; and (b) a pro rata share of the 95.1% of SpinCo shares
to be distributed to Paramount stockholders. KSF is seeking to
determine whether this consideration and the process that led to it
are adequate, or whether the consideration undervalues the
Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) or associate Michael J. Palestina
(michael.palestina@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/paramount-gold--silver-investor-alert-by-the-former-attorney-general-of-louisiana-kahn-swick--foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-paramount-gold-and-silver-corp-300012270.html
SOURCE Kahn Swick & Foti, LLC