Paramount Gold Announces the Voting Results of Its 2024 Annual General Meeting
Rhea-AI Summary
Paramount Gold Nevada (NYSE American: PZG) held its 2024 Annual General Meeting on December 12, 2024, with 56.70% of shareholders (37,451,869 shares) participating out of 66,058,111 eligible shares. Eight directors were elected to the Board for one-year terms, including Rudi Fronk, Glen Van Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier, and Samantha Espley. The voting results showed strong support for all nominees, with approval rates ranging from 88.18% to 98.49%. Additionally, shareholders ratified Moss Adams LLP as the company's independent registered public accounting firm for fiscal year 2025, with 99.17% voting in favor.
Positive
- High shareholder participation rate of 56.70%
- Strong approval ratings for board nominees (88-98% range)
- Near-unanimous approval (99.17%) for independent auditor
Negative
- None.
News Market Reaction – PZG
On the day this news was published, PZG declined 1.04%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
WINNEMUCCA, Nev., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE American: PZG) announces the results of the votes from its annual general meeting of the stockholders which was held on December 12, 2024. There were 66,058,111 shares outstanding and entitled to vote at the meeting as of the record date of October 17, 2024, of which, 37,451,869 shares or
The stockholders elected the following eight individuals to Paramount’s Board of Directors for a one year term expiring at the 2024 Annual General Meeting: Rudi Fronk, Glen Van Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier and Samantha Espley.
Detailed voting results of the election of directors were as follows:
| Name of Nominee | For | Withheld | Percentage For | Percentage Withheld |
| Rudi Fronk | 20,922,263 | 2,803,192 | ||
| Glen Van Treek | 23,348,072 | 377,554 | ||
| Rachel Goldman | 22,983,121 | 742,505 | ||
| Christopher Reynolds | 23,359,724 | 365,902 | ||
| John Carden | 21,768,235 | 1,955,542 | ||
| Eliseo Gonzalez-Urien | 21,915,846 | 1,809,780 | ||
| Pierre Pelletier | 23,350,777 | 374,849 | ||
| Samantha Espley | 23,366,487 | 359,139 |
There were 13,726,243 broker non-votes.
The stockholders ratified Moss Adams LLP as our independent registered public accounting firm for the fiscal year ended June 30, 2025 with 37,141,115 (99.17 %) voting ‘for’, 141,208 (0.38 %) voting ‘against’ and 169,546 (0.45 %) abstaining to vote.
About Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. 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 joint ventures with producers for construction and operation; or constructing and operating mines for its own account. Additional information about Paramount Gold’s portfolio of assets is available at www.paramountnevada.com or by email at info@paramountnevada.com.
Paramount holds a
The Sleeper Gold Project is in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,474 unpatented mining claims (approximately 44,917 acres).
The drill ready, Bald Peak Project in Nevada, consists of approximately 2,260 acres.
Safe Harbor for Forward-Looking Statements
This release and related documents may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions are intended to identify forward-looking statements, although these words may not be present in all forward-looking statements. Forward-looking statements included in this news release include, without limitation, statements with respect to the use of proceeds from the Offerings. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the conclusions made in the feasibility study for the Grassy Mountain Gold Project (the “FS”); the quantity and grade of resources included in resource estimates; the accuracy and achievability of projections included in the FS; Paramount’s ability to carry on exploration and development activities, including construction; the timely receipt of required approvals and permits; the price of silver, gold and other metals; prices for key mining supplies, including labor costs and consumables, remaining consistent with current expectations; work meeting expectations and being consistent with estimates and plant, equipment and processes operating as anticipated. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results; environmental matters; the ability to obtain required permitting; equipment breakdown or disruptions; additional financing requirements; the completion of a definitive feasibility study for the Grassy Mountain Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs and between estimated and actual production; the global epidemics, pandemics, or other public health crises, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and the other factors described in Paramount’s disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Securities Commissions. Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Paramount Gold Nevada Corp.
Rachel Goldman, CEO and Director
Christos Theodossiou, Director of Corporate Communications
844.488.2233
Twitter: @ParamountNV
FAQ
What was the voter turnout at Paramount Gold's (PZG) 2024 Annual General Meeting?
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What percentage of PZG shareholders approved Moss Adams LLP as the independent auditor?
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