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WINNEMUCCA, Nev., July 16, 2018 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. (NYSE American:PZG) (“Paramount or the Company) appear today that it has bankrupt the ahead appear (press absolution June 25, 2018) non-brokered clandestine adjustment allotment of accepted banal and warrants (the Transaction) with accepted investors. The Aggregation issued 2,400,000 units at $1.25 per assemblage for accumulated gain of $3,000,000. Each assemblage consists of one allotment of accepted banal and one accreditation to acquirement one-half of a allotment of accepted stock. Each accreditation has a two-year appellation and is exercisable at the afterward exercise prices: in the aboriginal year at $1.30 per allotment and in the added year at $1.50 per share. There were no commissions or underwriting fees paid in affiliation with the Transaction.

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Proceeds from the Transaction will be acclimated primarily to beforehand the abundance allowing action for the proposed underground abundance at Grassy Mountain. Added uses of gain will accommodate an analysis affairs of several aerial antecedence targets which are in abutting adjacency to Grassy Mountain and for accepted accumulated purposes.

This columnist absolution shall not aggregate an action to advertise or the address of an action to buy securities. The balance offered and awash in the Transaction accept not been registered beneath the United States Balance Act of 1933, as adapted (the Balance Act), or any accompaniment balance laws, and may not be offered or awash in the United States absent registration, or an applicative absolution from allotment beneath the Balance Act and applicative accompaniment balance laws.

After giving aftereffect to the Transaction, the cardinal of shares of Paramounts Accepted Banal issued and outstanding is 25,474,954.

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About Paramount Gold Nevada Corp.

Paramount Gold Nevada is a U.S. based adored metals analysis and development company. Paramounts action is to actualize actor amount through exploring and developing its mineral backdrop and to apprehend this amount for its shareholders in three ways: by affairs its assets to accustomed producers; entering into collective ventures with producers for architecture and operation; or amalgam and operating mines for its own account.

Paramount owns 100% of the Grassy Mountain Gold Activity which consists of about 9,300 acreage amid on clandestine and BLM acreage in Malheur County, Oregon. The Grassy Mountain activity contains a gold-silver drop (100% amid on clandestine land). Additionally, Paramount owns a 100% absorption in the Sleeper Gold Activity amid in Northern Nevada. The Sleeper Gold Project, which includes the above bearing Sleeper mine, totals 2,322 unpatented mining claims (approximately 60 aboveboard afar or 15,500 hectares).

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Safe Harbor for Forward-Looking Statements

This absolution and accompanying abstracts may accommodate “forward-looking statements” and advanced advice (collectively, advanced statements) pursuant to applicative United States and Canadian balance laws. Paramounts approaching expectations, beliefs, goals, affairs or affairs aggregate advanced statements aural the acceptation of the United States Clandestine Balance Litigation Reform Act of 1995 and added applicative balance laws. Words such as “believes,” “plans,” “anticipates,” “expects,” “estimates” and agnate expressions are advised to analyze advanced statements, although these words may not be present in all advanced statements. Advanced statements included in this account absolution include, afterwards limitation, statements with account to approaching contest or approaching performance; advancing exploration, development, allowing and added activities on the Grassy Mountain project; the economics of the Grassy Mountain project, including the abeyant for convalescent activity economics and award added ore to extend abundance life. Advanced statements are based on the reasonable assumptions, estimates, analyses and opinions of administration fabricated in ablaze of its acquaintance and its acumen of trends, accepted altitude and accepted developments, as able-bodied as added factors that administration believes to be accordant and reasonable in the affairs at the date that such statements are made, but which may prove to be incorrect. Administration believes that the assumptions and expectations reflected in such advanced statements are reasonable. Assumptions accept been fabricated regarding, amid added things: Paramounts adeptness to backpack on analysis and development activities, including construction; the appropriate cancellation of appropriate approvals and permits; the amount of silver, gold and added metals; prices for key mining supplies, including activity costs and consumables, absolute constant with accepted expectations; assignment affair expectations and actuality constant with estimates and plant, accessories and processes operating as anticipated. There are a cardinal of important factors that could account absolute after-effects or contest to alter materially from those adumbrated by such advanced statements, including, but not bound to: uncertainties involving estimation of conduct results; ecology matters; the adeptness to access appropriate permitting; accessories breakdown or disruptions; added costs requirements; the achievement of a absolute achievability abstraction for the Grassy Mountain project; discrepancies amid absolute and estimated mineral affluence and mineral resources, amid absolute and estimated development and operating costs and amid estimated and absolute production; and the added factors declared in Paramounts disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Balance Commissions.

Except as appropriate by applicative law, Paramount disclaims any ambition or obligation to amend any advanced statements as a aftereffect of developments occurring afterwards the date of this document.

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Paramount Gold Nevada Corp.

Carlo Buffone, Chief Financial OfficerChristos Theodossiou, Director of Accumulated Communications

Source:Copyright (c) GlobeNewswire, Inc. All Rights Reserved

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