SEC Form 4 · accession 0001019056-17-000220
Paramount Gold Nevada Corp. · PZG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 14, 2017
Accepted (ET)
Feb 15, 2017 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001629210
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Feb 14, 2017 | P$0 | 496,800 | — | A | 3,148,761 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to purchase Common StockF1,F3 | — | Feb 14, 2017 | P | 248,400 | A | Feb 14, 2017 | Feb 14, 2019 | Common Stock | 248,400 | 248,400 | D |
Explanation of responses
- F1On February 14, 2017, FCMI Parent Co. purchased 496,800 Units of the Issuer at a purchase price of $1.75 per Unit. Each Unit consists of one share of Common Stock and one warrant to purchase one-half of a share of Common Stock.
- F2Of such 3,148,761 shares, 1,926,550 shares are owned directly by FCMI Parent Co., and 1,222,211 shares are owned directly by FCMI Financial Corporation, a wholly-owned subsidiary of FCMI Parent Co. Mr. Albert D. Friedberg is the President of FCMI Parent Co., which is owned by Mr. Friedberg and members of his family and controlled by Mr. Friedberg.
- F3Each warrant will have a two-year term and will be exercisable at the following exercise prices: from February 14, 2017 to and including February 14, 2018, $2.00 per share; from February 15, 2018 to and including February 13, 2019, $2.25 per share, in each case subject to adjustment for certain events set forth in the warrants.
Remarks
Names and addresses of additional Reporting Persons: 1. FCMI Financial Corporation, 181 Bay Street, Toronto, Ontario, Canada M5J 2T3 / 2. Albert D. Friedberg, FCMI Financial Corporation, 181 Bay Street, Toronto, Ontario, Canada M5J 2T3