Paramount Gold and Silver Corp.
FRANKFURT : WKN:A0HGK
TSX : PZG
NYSE Amex : PZG

Paramount Gold and Silver Corp.

October 16, 2009 10:35 ET

FCMI Financial Corporation Acquires Shares of Paramount Gold and Silver Corp.

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2009) - FCMI Financial Corporation ("FCMI Financial") has acquired 4,000,000 common shares of Paramount Gold and Silver Corp. (TSX:PZG)(NYSE Amex:PZG)(FRANKFURT:P6G) from treasury at a price of US$1.25 per common share in a public offering.

FCMI Financial owns 16,000,000 common shares representing 15.78% of the total outstanding Common Shares.

FCMI Financial has purchased such common shares for investment purposes and intends, subject to market conditions, to make additional acquisitions or dispositions in securities of Paramount Gold and Silver Corp. in the future.

Contact Information

  • Henry Fenig
    416-350-2890
    416-364-0572 (FAX)