Paramount Gold Nevada Corp. Announces the Voting Results of Its 2019 Annual General Meeting
December 13 2019 - 5:30PM
Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE
American: PZG) announces the results of the votes from its annual
stockholder meeting which was held on December 11, 2019.
There were 27,616,745 shares outstanding and entitled to vote at
the meeting as of the record date of October 15, 2019, of which,
15,102,929 shares or 54.69% voted.
The stockholders elected the following seven
individuals to Paramount’s Board of Directors for a one year term
expiring at the 2020 Annual General Meeting: Rudi Fronk, Glen Van
Treek, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien,
Pierre Pelletier and John Seaberg.
Detailed voting results of the election of
directors were as follows:
Name of Nominee |
|
For |
Withheld |
Percentage For |
PercentageWithheld |
Rudi Fronk |
|
9,165,750 |
232,023 |
97.53 |
2.47 |
Glen Van Treek |
|
9,125,191 |
272,582 |
97.10 |
2.90 |
Christopher Reynolds |
|
9,170,696 |
227,077 |
97.58 |
2.42 |
John Carden |
|
9,097,135 |
300,638 |
96.80 |
3.20 |
Eliseo Gonzalez-Urien |
|
9,152,631 |
245,142 |
97.39 |
2.61 |
Pierre Pelletier |
|
9,159,296 |
238,477 |
97.46 |
2.54 |
John Seaberg |
|
9,163,773 |
234,000 |
97.51 |
2.49 |
There were 5,705,156 broker non-votes.
The stockholders ratified MNP LLP as our
independent registered public accountants for the year ended June
30, 2020 with 14,599,257 (96.67%) voting ‘for’, 139,228 (0.92%)
voting ‘against’ and 364,444 (2.41%) abstaining to vote.
The stockholders voted to approve the payment of
interest payable on outstanding convertible notes in common stock
with 8,716,627 (92.75%) voting ‘for’, 298,634 (3.18%) voting
‘against’ and 382,512 (4.07%) abstaining to vote.
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About Paramount Gold Nevada Corp.Paramount Gold
Nevada is a U.S. based precious metals exploration and development
company. Paramount’s strategy is to create shareholder value
through exploring and developing its mineral properties and to
realize this value for its shareholders in three ways: by selling
its assets to established producers; entering into joint ventures
with producers for construction and operation; or constructing and
operating mines for its own account.
Paramount owns 100% of the Grassy Mountain Gold Project which
consists of approximately 11,000 acres located on private and BLM
land in Malheur County, Oregon. The Grassy Mountain Gold Project
contains a gold-silver deposit (100% located on private land) for
which results of a positive PFS have been released and key
permitting milestones accomplished (see press release dated May 24,
2018).
Paramount owns a 100% interest in the Sleeper Gold Project
located in Northern Nevada. The Sleeper Gold Project, which
includes the former producing Sleeper mine, totals 2,322 unpatented
mining claims (approximately 60 square miles or 15,500
hectares).
Paramount Gold Nevada Corp. Glen Van Treek, President,
CEO and DirectorChristos Theodossiou, Director of
Corporate
Communications866-481-2233Twitter:
@ParamountNV
Safe Harbor for Forward-Looking StatementsThis
release and related documents may include "forward-looking
statements" and “forward-looking information” (collectively,
“forward-looking statements”) pursuant to applicable United States
and Canadian securities laws. Paramount’s future expectations,
beliefs, goals, plans or prospects constitute forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and other applicable
securities laws. Words such as "believes," "plans,"
"anticipates," "expects," "estimates" and similar expressions are
intended to identify forward-looking statements, although these
words may not be present in all forward-looking statements.
Forward-looking statements included in this news release include,
without limitation, statements with respect to: statements with
respect to future events or future performance; anticipated
exploration, development, permitting and other activities on the
Grassy Mountain project; the economics of the Grassy Mountain
project, including the potential for improving project economics
and finding more ore to extend mine life; and mineral reserve and
mineral resource estimates. Forward-looking statements are based on
the reasonable assumptions, estimates, analyses and opinions of
management made in light of its experience and its perception of
trends, current conditions and expected developments, as well as
other factors that management believes to be relevant and
reasonable in the circumstances at the date that such statements
are made, but which may prove to be incorrect. Management believes
that the assumptions and expectations reflected in such
forward-looking statements are reasonable. Assumptions have been
made regarding, among other things: the conclusions made in the
PFS; the quantity and grade of resources included in resource
estimates; the accuracy and achievability of projections included
in the PFS; Paramount’s ability to carry on exploration and
development activities, including construction; the timely receipt
of required approvals and permits; the price of silver, gold and
other metals; prices for key mining supplies, including labor costs
and consumables, remaining consistent with current expectations;
work meeting expectations and being consistent with estimates and
plant, equipment and processes operating as anticipated. There are
a number of important factors that could cause actual results or
events to differ materially from those indicated by such
forward-looking statements, including, but not limited to:
uncertainties involving interpretation of drilling results;
environmental matters; the ability to obtain required permitting;
equipment breakdown or disruptions; additional financing
requirements; the completion of a definitive feasibility study for
the Grassy Mountain project; discrepancies between actual and
estimated mineral reserves and mineral resources, between actual
and estimated development and operating costs and between estimated
and actual production; and the other factors described in
Paramount’s disclosures as filed with the SEC and the Ontario,
British Columbia and Alberta Securities Commissions.
Except as required by applicable law, Paramount disclaims any
intention or obligation to update any forward-looking statements as
a result of developments occurring after the date of this
document.
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