secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Gold Nevada Corp. (PZG)
CIK:        0001629210
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0000950170-22-026313
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629210/000095017022026313/0000950170-22-026313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629210/000095017022026313/pzg-20221209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026313

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