Paramount Gold Announces the Voting Results of Its 2020 Annual General Meeting
December 11 2020 - 7:00AM
Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE
American: PZG) announces the results of the votes from its annual
general meeting of the stockholders which was held on December 10,
2020. There were 34,237,080 shares outstanding and entitled to vote
at the meeting as of the record date of October 16, 2020, of which,
21,301,355 shares or 62.22% voted.
The stockholders elected the following seven
individuals to Paramount’s Board of Directors for a one year term
expiring at the 2021 Annual General Meeting: Rudi Fronk, Glen Van
Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo
Gonzalez-Urien, and Pierre Pelletier.
Detailed voting results of the election of
directors were as follows:
Name of Nominee |
|
For |
Withheld |
Percentage For |
PercentageWithheld |
Rudi Fronk |
|
12,684,434 |
207,820 |
98.39% |
1.61% |
Glen Van Treek |
|
12,693,526 |
198,728 |
98.46% |
1.54% |
Rachel Goldman |
|
12,702,171 |
190,083 |
98.53% |
1.47% |
Christopher Reynolds |
|
12,678,734 |
213,520 |
98.34% |
1.66% |
John Carden |
|
12,653,928 |
238,326 |
98.15% |
1.85% |
Eliseo Gonzalez-Urien |
|
12,673,883 |
218,371 |
98.31% |
1.69% |
Pierre Pelletier |
|
12,681,704 |
210,550 |
98.37% |
1.63% |
There were 8,409,101 broker non-votes.
The stockholders ratified MNP LLP as our
independent registered public accountants for the year ended June
30, 2021 with 21,050,501 (98.83%) voting ‘for’, 175,426 (0.82%)
voting ‘against’ and 75,429 (0.35%) abstaining to vote.
The stockholders voted to approve an amendment
to the Company’s amended and restated articles of incorporation to
increase the Company’s authorized shares of common stock from
50,000,000 to 200,000,000 with 18,220,630 (85.54%) voting ‘for’,
3,007,586 (14.12%) voting ‘against’ and 73,139 (0.34%) abstaining
to vote.
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About Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. 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 8,200 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 Feasibility Study
have been released and key permitting milestones accomplished.
Paramount owns a 100% interest in the Sleeper
Gold Project located in Northern Nevada, the world’s premier mining
jurisdiction. 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). The Sleeper
gold project is host to a large gold deposit (over 4 million ounces
of mineralized material) and the Company has completed and released
a positive Preliminary Economic Assessment.
Safe Harbor for Forward-Looking Statements
This 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 the use of proceeds
from the Offerings. 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
feasibility study for the Grassy Mountain Gold Project (the “FS”);
the quantity and grade of resources included in resource estimates;
the accuracy and achievability of projections included in the FS;
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 Gold 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; the global epidemics, pandemics, or other
public health crises, including the novel coronavirus (COVID-19)
global health pandemic, and the spread of other viruses or
pathogens 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.
Paramount Gold Nevada Corp. Rachel
Goldman, Chief Executive OfficerChristos
Theodossiou, Director of Corporate
Communications866-481-2233Twitter:
@ParamountNV
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