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Stock impact report

Paramount Gold Enters Into An Agreement With Ausenco To Complete A Bankable Feasibility Study On Its Grassy Mountain Project

Paramount Gold Nevada Corp. (PZG) 
NASDAQ:AMEX Investor Relations: paramountnevada.com
Company Research Source: GlobeNewswire
WINNEMUCCA, Nev., June 25, 2019 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount”) announced today that it has entered into an agreement with Ausenco Engineering Canada Inc. (“Ausenco”) to complete a National Instrument 43-101 Feasibility Study (“FS”) for its proposed Grassy Mountain gold mine in eastern Oregon. Ausenco is a global diversified engineering, construction and project management company providing consulting, project delivery and asset management solutions to the resources, energy and infrastructure sectors. Ausenco has significant experience in the study and execution of projects similar to Grassy Mountain. In lieu of cash compensation, Ausenco or a wholly owned subsidiary in the Ausenco Pty Ltd Group will receive 100% of its fees in restricted common stock of Paramount, resulting in the issuance of 1,109,225 shares to Ausenco. The stock price used to calculate the number of shares was determined using the 30-day Volume Weighted Show less Read more
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