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12/17/14

How rumour info on IKN works, Paramount (PZG) edition

On December 1st 2014, this humble corner of cyberspace wrote that Coeur (CDE) (CDM.to) was in talks to buy Paramount (PZG) (PZG.to). I didn't buy it, didn't pump it, didn't reco it, and I wasn't being "taken for a ride" by somebody or other using "the oldest trick in the book". I merely passed on a decently sourced rumour for all the reasons noted in yesterday's post that talked about a different rumour. The info was passed on, you could do what you wanted with it.

Today Coeur and Paramount announced their deal.  
WINNEMUCCA, NEVADA--(Marketwired - Dec 17, 2014) - Paramount Gold and Silver Corp. ("Paramount" or the "Company") (NYSE MKT:PZG)(PZG.TO) and Coeur Mining, Inc. ("Coeur") (CDE) have entered into an agreement and plan of merger, dated as of December 16, 2014 (the "Merger Agreement") pursuant to which Coeur will acquire all of the issued and outstanding shares of common stock of Paramount and the San Miguel Project (the "Merger"). As a condition to closing the Merger, the shares of Paramount's subsidiary holding its Nevada mining assets will be spun-off to holders of the Company's common stock.

Apologies from those who decided to hate on my ass on Monday will be gracefully accepted. And you know the mail address, because you were quick to use it before. Don't be shy now, haters. Don't be shy.