Coeur Mining Inc. Completes Acquisition of Paramount Gold and Silver

Goodmans represented Coeur Mining, Inc. (Coeur) in the acquisition of the issued and outstanding common shares of Paramount Gold and Silver Corp. in an all-stock transaction valued at $146 Million.  Paramount had previously, prior to the merger, spun-off to its existing stockholders a separate, publicly traded company, Paramount Nevada Gold Corp. (Paramount Nevada), a subsidiary that owns the Sleeper Gold Project and various other assets in Nevada.

Approximately 32.7 million shares of Coeur common stock were issued to Paramount stockholders and approximately $10 million in cash was contributed to Paramount Gold Nevada Corp. in which Coeur retained a 4.9% interest.

Coeur is the largest US based silver producer and a significant gold producer with five precious metals mines in the Americas employing approximately 2,100 people.