Paramount Announces Agreement to be Acquired by Coeur and Spin-Off of New Exploration and Development Company
Paramount Gold and Silver Corp. and Coeur Mining, Inc. have entered into an agreement and plan of merger, dated as of December 16, 2014 pursuant to which Coeur will acquire all of the issued and outstanding shares of common stock of Paramount and the San Miguel Project. As a condition to closing the Merger, the shares of Paramounts subsidiary holding its Nevada mining assets will be spun-off to holders of the Companys common stock.