SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

  

SCHEDULE 13G

(Rule 13d-102)

  

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2

(Amendment No. 3) *

  

PARAMOUNT GOLD NEVADA CORP.

(Name of Issuer)

  

Common Shares, par value US$ 0.01 per share
(Title of Class of Securities)

  

69924M 109

(CUSIP Number)

  

                                December 31, 2018                                 

(Date of Event which Requires Filing of this Statement)

  

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ).

 
 

CUSIP NO.  69924M 109 13G Page 2 of 8 pages

 

1.

NAMES OF REPORTING PERSONS

FCMI FINANCIAL CORP.

 
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)   o
(b)   x
3. SEC USE ONLY  
4.

CITIZENSHIP OR PLACE OF ORGANIZATION

ONTARIO, CANADA

 
  NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:  
 

5.            SOLE VOTING POWER

-0-

 
 

6.            SHARED VOTING POWER

1,222,211

 
 

7.            SOLE DISPOSITIVE POWER

-0-

 
 

8.            SHARED DISPOSITIVE POWER

1,222,211

 
9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,222,211

 
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.8%

 
12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

CO

 

 
 
CUSIP NO.  69924M 109 13G Page 3 of 8 pages

 

1.

NAMES OF REPORTING PERSONS

FCMI PARENT CO.

 
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)   o
(b)   x
3. SEC USE ONLY  
4.

CITIZENSHIP OR PLACE OF ORGANIZATION

NOVA SCOTIA, CANADA

 
  NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:  
 

5.            SOLE VOTING POWER

-0-

 
 

6.            SHARED VOTING POWER

5,166,310

 
 

7.            SOLE DISPOSITIVE POWER

-0-

 
 

8.            SHARED DISPOSITIVE POWER

5,166,310

 
9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,166,310

 
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

19.9%

 
12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

CO

 

 
 

CUSIP NO.  69924M 109 13G Page 4 of 8 pages

 

1.

NAMES OF REPORTING PERSONS

ALBERT D. FRIEDBERG

 
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)   o
(b)   x
3. SEC USE ONLY  
4.

CITIZENSHIP OR PLACE OF ORGANIZATION

CANADA

 
  NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:  
 

5.            SOLE VOTING POWER

-0-

 
 

6.            SHARED VOTING POWER

5,166,310

 
 

7.            SOLE DISPOSITIVE POWER

-0-

 
 

8.            SHARED DISPOSITIVE POWER

5,166,310

 
9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,166,310

 
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

19.9%

 
12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN

 
 
 

Item 1.

 

(a) Name of Issuer:

 

PARAMOUNT GOLD NEVADA CORP.

 

(b) Address of Issuer’s Principal Executive Offices:

 

665 Anderson Street

Winnemucca, NV 89445

 

Item 2.

 

(a) Name of Persons Filing:

 

FCMI Financial Corp.

FCMI Parent Co.

Albert D. Friedberg

 

(b) Address of Principal Business Office or, if none, Residence:

 

181 Bay St., Ste. 250

P.O. Box 866

Toronto, Ontario M5J 2T3

Canada

 

(c) Citizenship:

 

FCMI Financial Corp.: Organized under the law of Ontario, Canada

FCMI Parent Co.: Organized under the law of Nova Scotia, Canada

Albert D. Friedberg: Citizen of Canada

 

(d) Title of Class of Securities:

 

Common Shares, par value U$ 0.01 per share.

 

(e) CUSIP Number:

 

69924M 109  

Page 5 of 8 pages
 
Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e) o An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
  (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
  (g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
  (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) o A non-U.S. institution, in accordance with § 240.13d-1(b)(1)(ii)(J);
  (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K);

 

NOT APPLICABLE

 

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:__________________

 

NOT APPLICABLE

Page 6 of 8 pages
 
Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

Reporting Person   Shares
Beneficially
Owned
    Percent
of class
    Sole power to
vote or direct
the vote
    Shared power
to vote or
direct the vote
    Sole power to
dispose or
direct the
disposition
    Shared power
to dispose or
direct the
disposition
 
FCMI Financial Corp.     1,222,211       4.8 %(1)     -0-       1,222,211       -0-       1,222,211  
FCMI Parent Co.     5,166,310 (2)     19.9 %(1)             5,166,310 (2)     -0-       5,166,310 (2)
Albert D. Friedberg     5,166,310 (3)     19.9 %(1)     -0-       5,166,310 (3)     -0-       5,166,310 (3)

  

 
(1) Percentage beneficial ownership for FCMI is based on 25,723,354 shares outstanding, consisting of 25,474,954 shares outstanding on November 6, 2018, as set forth on the cover of the Issuer's Form 10-Q for the quarter ended September 30, 2018, plus 248,400 shares issued upon the exercise of warrants by FCMI Parent in January 2019. For FCMI Parent Co. and Mr. Friedberg, pursuant to SEC Rule 13d-3(d), outstanding shares also include 190,000 additional shares issuable upon exercise of presently exercisable warrants held by FCMI Parent Co.
(2) Consists of 3,754,099 shares owned directly by FCMI Parent Co., 190,000 shares issuable upon exercise of presently exercisable warrants held by FCMI Parent Co., and 1,222,211 shares owned directly by FCMI Financial Corp., a wholly-owned subsidiary of FCMI Parent Co.
(3) Mr. Friedberg, directly and through his control over FCMI Parent Co. shares held by members of his family and trusts for the benefit of members of his family, may be considered the ultimate beneficial owner of all of the Common Shares beneficially owned by FCMI Parent Co. and by FCMI Financial Corp., its wholly-owned subsidiary.

  

Item 5. Ownership of Five Percent or Less of a Class.

NOT APPLICABLE

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: o

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

NOT APPLICABLE

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

NOT APPLICABLE

Item 8. Identification and Classification of Members of the Group.

NOT APPLICABLE

Item 9. Notice of Dissolution of a Group .

NOT APPLICABLE

Item 10. Certification .

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 7 of 8 pages
 

SIGNATURES

 

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: January 30, 2019

 

  FCMI Financial Corporation
     
  /s/  Dan Scheiner  
    Dan Scheiner  
    Vice President  
     
  FCMI PARENT Co.
     
  /s/ Dan Scheiner  
    Dan Scheiner  
    Vice President  
     
  /s/ Albert D. Friedberg  
    Albert D. Friedberg  

Page 8 of 8 pages
Paramount Gold and Silver (AMEX:PZG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Paramount Gold and Silver Charts.
Paramount Gold and Silver (AMEX:PZG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Paramount Gold and Silver Charts.