UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 11, 2017
(Exact name of registrant as specified in its charter)
Nevada
(State or Other Jurisdiction of Incorporation)
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001-36908 |
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98-0138393 |
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(Commission File Number) |
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(IRS Employer Identification No.) |
665 Anderson Street
Winnemucca, Nevada
89445
(Address of Principal Executive Offices)
(775) 625-3600
(Registrant’s telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02(d) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 11, 2017, the Board of Directors (the “Board”) of Paramount Gold Nevada Corp. (the “Company”) appointed Rudi Fronk as a director to the Board. Mr. Fronk will serve as the Company’s non-executive Chairman and is expected to serve on the Board’s Compensation and Corporate Governance and Nominating Committees.
As a non-executive director of the Company and non-employee Chairman of the Board, Mr. Fronk is entitled to an annual retainer of $20,000 along with equity compensation as determined by the Compensation Committee.
There are no transactions between Mr. Fronk and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
The Company’s press release announcing the appointment is attached to this Report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) List of Exhibits
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Description |
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Exhibit 99.1* |
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Press Release dated January 12, 2017 |
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Filed herewith. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PARAMOUNT GOLD NEVADA CORP. |
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Date: January 12, 2017 |
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By: |
/s/ Carlo Buffone |
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Carlo Buffone |
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Chief Financial Officer |
Exhibit Index
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Description |
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Exhibit 99.1* |
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Press Release dated January 12, 2017 |
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Filed herewith. |
Exhibit 99.1
Paramount gold NEVADA Appoints RUDI FRONK A Director and board chairman
Winnemucca, Nevada – January 12, 2017 - The Board of Directors of Paramount Gold Nevada Corp. (NYSE MKT: PZG) ("Paramount”) announced today the appointment of Rudi Fronk as an independent director of the Company, effective immediately. Mr. Fronk’s appointment expands the Board to 7 directors, 6 of whom are independent. Mr. Fronk will assume the role of non-executive Chairman and is expected to serve as a member of the Corporate Governance and Nominating, and Compensation Committees. Mr. David Smith, who has served as Paramount Chairman for the past two years, will continue as a director.
“Rudi’s 30 years of broad leadership experience in the mining industry will add valuable perspective to our Board of Directors,” said Glen Van Treek, CEO and President. “His engineering knowledge will also assist us as we move through the process of completing a Pre-Feasibility Study on our Grassy Mountain Gold Project. Rudi has helped to oversee a number of these studies at Seabridge Gold. We appreciate his willingness to serve as a director and look forward to benefitting from his judgment and guidance.”
Mr. Fronk, a graduate of Columbia University from which he holds a Bachelor of Science in Mining Engineering and a Master of Science in Mineral Economics, has over 30 years of experience in the gold sector primarily as a senior officer and director of publically traded gold exploration companies. In 1999, Mr. Fronk co-founded Seabridge Gold Inc. (“Seabridge Gold”), a US$500 million market cap company with gold reserves exceeding 45 million ounces and one of the world’s largest resource bases of gold and copper. He currently serves as Chairman and as the Company’s CEO, a position he has held since inception. In addition to his extensive experience with Seabridge Gold, Mr. Fronk has held senior management positions with Greenstone Resources, Columbia Resources, Behre Dolbear & Company, Riverside Associates, Phibro-Salomon, Amax and DRX.
About Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. is a U.S. based precious metals exploration company.
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 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 realizing 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.
Glen Van Treek, President, CEO and Director
Christos Theodossiou, Director of Corporate Communications
866-481-2233