WINNEMUCCA, Nev., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has closed the previously announced $15 million financing with Sprott Resource and Streaming Royalty Corp. (“Sprott Streaming”), through the issuance of a non-dilutive Secured Royalty Convertible Note (“RCN”).

美国内华达州温尼穆卡，2023年12月28日（环球通讯社）——派拉蒙黄金内华达公司（纽约证券交易所美国代码：PZG）（“派拉蒙”或“公司”）今天宣布，通过发行非稀释性担保特许权使用费可转换票据（“RCN”），已完成之前宣布的与Sprott Resource and Streaming Royalty Corp.（“Sprott Streaming”）的1500万美元融资。

The proceeds of the financing will be used to fund the continued permitting of the proposed Grassy Mountain Gold Mine in eastern Oregon, for general corporate purposes and for the repayment of the company’s outstanding debt.  Paramount CEO, Rachel Goldman commented, “With the receipt of the Notice to Proceed from the State of Oregon, the Grassy permitting process has taken on greater certainty and this financing will allow us to fund our activities through to the receipt of final permits.

融资收益将用于资助俄勒冈州东部拟议的Grassy Mountain金矿的持续许可，用于一般公司目的和偿还公司的未偿债务。派拉蒙首席执行官雷切尔·戈德曼评论道：“收到俄勒冈州的开工通知后，草皮许可程序变得更加确定，这笔资金将使我们能够为我们的活动提供资金，直至收到最终许可证。

Sprott Streaming is an ideal financial partner, a flexible and seasoned natural resource investor, providing an important source of patient capital.” The RCN will carry an interest rate of 10% per annum, which, at Paramount’s discretion, will be payable in cash or shares at a 7% discount to the 10-day VWAP from the scheduled date of payment of interest.

Sprott Streaming是一个理想的财务合作伙伴，是一个灵活且经验丰富的自然资源投资者，提供了患者资金的重要来源。”循环贷款的年利率为10%，派拉蒙可自行决定以现金或股票形式支付，自计划付息之日起，以10天VWAP的7%折扣支付。

The RCN may be repaid in cash or through the issuance of the Royalty at the earlier of the commencement of commercial production or 5 years from the RCN closing date. The RCN is convertible into a gross revenue royalty of 4.75% of the gold and silver produced from the proposed Grassy Mountain Gold Mine proportionate to the final amount of the funds that have been advanced upon reaching commercial production.

RCN可在商业生产开始时或RCN交割日后5年（以较早者为准）以现金或通过发放特许权使用费的方式偿还。RCN可转换为拟议的草山金矿生产的金银的总收入特许权使用费的4.75%，与商业生产时预付的资金的最终金额成比例。

If a Royalty is issued, Paramount has the option to buy back 50% of the Royalty by paying either $11.25 million on the 2nd anniversary of the RCN agreement or $12.375 mil.

如果发放了特许权使用费，派拉蒙有权在RCN协议签订两周年时支付1125万美元或1237.5万美元，回购50%的特许权使用费。