Paramount Gold Nevada Corp. — Director's Dealing 2020

Aug 13, 2020

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Paramount Gold Nevada Corp. (PZG)
CIK: 0001629210
Period of Report: 2020-06-30

Reporting Person: Fronk Rudi (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-02	Common Stock	A	7358	$0.74	Acquired	202358	Direct
2020-07-02	Common Stock	A	8370	$1.12	Acquired	210728	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-16	Convertible Notes	$1.00	P	250	Acquired	2023-09-30	Common Stock (250000)	Direct

Footnotes

F1: Represents Interest Shares. See Footnote 2.

F2: Represents a $250,000 convertible note (the "Note") purchased by the Reporting Person from the Issuer pursuant to an aggregate $5.34 million convertible note offering by the Issuer. The Note is convertible into shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"),at the Reporting Person's option, in whole or in part, at any time after issuance. The conversion price of $1.00 per share of Common Stock will be subject to adjustment for stock dividends, stock splits, and other customary adjustment events.The maturity date of the Note is the earlier of (a) September 30, 2023 and (b) the date on which all amounts under the Agreement shall become due and payable. Interest on the Note is payable, at the option of the Issuer, in either cash or Common Stock ("Int Shares"). The amount of Int Shares payable is equal to 95% of the volume-weighted average price of the Common Stock for the twenty(20) trading days immediately preceding the applicable interest payment date.