Paramount Gold gains approval for NYSE spinco listing • 8:59 AM
Carl Surran, SA News Editor
Paramount Gold (NYSEMKT:PZG) +1.9% premarket after announcing it received approval from the NYSE to list its Paramount Gold Nevada spinco.
PZG plans to spin off of Paramount Gold Nevada as a separate, publicly traded company in connection with its merger with Coeur Mining (NYSE:CDE).
Paramount Gold Nevada will have ~8.5M common shares issued and outstanding when trading is expected to begin on the NYSE MKT on April 20.