VALE, Ore., Dec. 13, 2017 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE American:PZG) announces the results of the votes from its annual stockholder meeting which was held on December 13, 2017. There were 23,074,954 shares outstanding and entitled to vote at the meeting as of the record date of October 19, 2017, of which, 15,186,833 shares or 65.82% voted.
The stockholders elected the following seven individuals to Paramount’s Board of Directors for a one year term expiring at the 2017 Annual General Meeting: Rudi Fronk, David Smith, Glen Van Treek, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien and Pierre Pelletier.
Detailed voting results of the election of directors were as follows:
| Name of Nominee | For | Withheld | Percentage For | Percentage Withheld | |||
| Rudi Fronk | 9,575,079 | 224,353 | 97.71% | 2.29% | |||
| David Smith | 9,562,712 | 236,720 | 97.58% | 2.42% | |||
| Glen Van Treek | 9,569,128 | 230,304 | 97.65% | 2.35% | |||
| Christopher Reynolds | 9,542,398 | 257,034 | 97.38% | 2.62% | |||
| John Carden | 9,571,593 | 227,839 | 97.67% | 2.33% | |||
| Eliseo Gonzalez-Urien | 9,561,709 | 237,723 | 97.57% | 2.43% | |||
| Pierre Pelletier | 9,574,606 | 224,826 | 97.71% | 2.29% | |||
There were 5,387,401 broker non-votes.
The stockholders ratified MNP LLP as our independent registered public accountants for the year ended June 30, 2018 with 14,997,704 voting ‘for’ (98.75%), 174,674 (1.15%) voting ‘against’ and 14,455 (0.10%) abstaining to vote.
About Paramount Gold Nevada Corp.
Paramount Gold Nevada is a U.S. based precious metals exploration company. Paramount has a high ratio of ounces of gold in mineral inventory to shares outstanding, providing its shareholders with exceptional leverage to the gold price.
Paramount holds a 100% working interest in the Grassy Mountain Gold Project which consists of approximately 9,300 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain project contains a gold-silver deposit (100% located on private land) for which a Preliminary Economic Assessment (“PEA”) has been prepared and key permitting milestones accomplished. For the PEA, click here. Additionally, Paramount owns a 100% interest in the Sleeper Gold Project located in Northern Nevada. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,322 unpatented mining claims (approximately 60 square miles or 15,500 hectares).
Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering into joint ventures with producers for construction and operation; or constructing and operating mines for its own account.
Paramount Gold Nevada Corp.
Carlo Buffone, CFO
Chris Theodossiou, Director of Corporate Communications
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