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Paramount Gold Nevada Corp. Stockholders Approve the Issuance of Paramount Shares to Acquire Calico Resources Corp.
WINNEMUCCA, NEVADA--(Marketwired - June 30, 2016) - Paramount Gold Nevada Corp. ("Paramount" or the "Company") (NYSE MKT:PZG) announces that at the special meet
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":"WINNEMUCCA, NEVADA--(Marketwired - June 30, 2016) - Paramount Gold Nevada Corp. (\"Paramount\" or the \"Company\") (NYSE MKT:PZG) announces that at the special meeting of its stockholders held on June 29, 2016 (the \"Meeting\"), Paramount stockholders approved the issuance of 7,171,209 Paramount shares of common stock (the \"Paramount Arrangement Shares\") to shareholders of Calico Resources Corp. (\"Calico\") (TSX VENTURE:CKB) as consideration for the acquisition of all of the issued and outstanding common shares of Calico pursuant to an arrangement agreement dated March 14, 2016 between Paramount and Calico. Of the 8,518,791 Paramount shares outstanding and entitled to vote at the Meeting as of the record date of May 23, 2016, 4,413,433 shares or 51.81% voted at the Meeting either in person or by proxy. The results of the voting at the Meeting were as follows: PROPOSAL TOTAL SHARES VOTED FOR AGAINST ABSTAIN To approve the issuance of the Paramount Arrangement Shares 4,413,433 4,316,346 77,848 19,239 The transaction is expected to close on July 7, 2016. For more information related to Paramount's acquisition of Calico Resources Corp., please refer to our press release dated March 14, 2016. About Paramount Gold Nevada Corp. Paramount Gold Nevada is a U.S. based precious metals exploration company. Paramount owns 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's strategy is to create shareholder value through the exploration and development of its mineral properties and then selling to, or entering into joint ventures with, producers for construction and operation. 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, including, but not limited to, statements related to anticipated benefits of the Transaction to Paramount and Calico and their respective shareholders; the pro forma shareholdings of the shareholders of Paramount and Calico; pro forma mineralization of Paramount; the timing and receipt of required shareholder...