---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026313"
form_type: "8-K"
ticker: "PZG"
cik: "0001629210"
company_name: "Paramount Gold Nevada Corp."
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T06:49:21.735538+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Paramount Gold enters up to $1.5M bridge note with Seabridge, 12% interest, due Sept 2023

## Summary
- Bridge promissory note allows borrowings up to $1,500,000 in advances of at least $250,000.
- Interest at 12% per annum; principal and accrued interest due September 30, 2023.
- Prepayment permitted without penalty; mandatory prepayment from net proceeds of any financing.
- Seabridge Gold is an affiliate of Chairman Rudi Fronk and holds ~6.5% of Paramount's common stock.
- Proceeds intended for general corporate purposes; note contains customary covenants and default provisions.

## SEC filing metadata
- accession: 0000950170-22-026313
- form_type: 8-K
- ticker: PZG
- cik: 0001629210
- company_name: Paramount Gold Nevada Corp.
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629210/000095017022026313/0000950170-22-026313-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629210/000095017022026313/pzg-20221209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026313
- JSON: https://secwatch.observer/filing/0000950170-22-026313.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026313.txt

## Key facts
- Debt Financings
  Paramount Gold Nevada Corp. incurred loan of up to $1,500,000 with Seabridge Gold, Inc. at 12% per annum maturing September 30, 2023.
  - Instrument: loan
  - Principal: up to $1,500,000
  - Counterparty: Seabridge Gold, Inc.
  - Rate: 12% per annum
  - Maturity: September 30, 2023
  - Event: incurrence
  source text: On December 9, 2022, Paramount Gold Nevada Corp. (the “Company”) issued a Bridge Promissory Note (the “Note”) to Seabridge Gold, Inc. (“Seabridge”), an entity affiliated with the Chairman of our Board of Directors, Rudi Fronk, and an owner of approximately 6.5% of our outstanding common stock, pursuant to which the Company may borrow, in one or more advances, the principal amount of up to $1,500,000 (the “Loan”). The Loan bears interest at a per annum rate of 12%, payable upon maturity or prepayment, and matures on September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629210/000095017022026313/0000950170-22-026313-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.