Paramount Gold and Silver's Largest Shareholder Completes Warrant Exercise for C$8 million
This is convincing, great news. FCMI sure has shown confidence in the investment in PZG. I love to follow a leader.
Paramount CEO Christopher Crupi commented, "We are delighted to have the continuing support of FCMI as we move forward with our two key assets--the San Miguel project in northern Mexico and the Sleeper project in Nevada. This warrant exercise enables us to complete our planned 2013 programs at both projects without the need for additional financing. We look forward to adding substantial value to these assets this year."