Paramount Gold Nevada Corp. — Major Shareholding Notification 2017

Jan 10, 2017

SC 13G/A 1 paramount_13ga1.htm SC 13G/A Field: Rule-Page

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2

(Amendment No. 1) *

PARAMOUNT GOLD NEVADA CORP.

(Name of Issuer)

Common Shares, par value US$ 0.01 per share (Title of Class of Securities)

69924M 109

(CUSIP Number)

July 7, 2016

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o	Rule 13d-1(b)
x	Rule 13d-1(c)
o	Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ).

Page 1 of 8 pages

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CUSIP NO. 69924M 109 13G Page 2 of 8 pages

| 1. | NAMES
OF REPORTING PERSONS FCMI PARENT CO. | |
| --- | --- | --- |
| 2. | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) o (b) x |
| 3. | SEC
USE ONLY | |
| 4. | CITIZENSHIP
OR PLACE OF ORGANIZATION NOVA
SCOTIA, CANADA | |
| | NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
| | 5. SOLE
VOTING POWER -0- | |
| | 6. SHARED
VOTING POWER 2,651,961 | |
| | 7. SOLE
DISPOSITIVE POWER -0- | |
| | 8. SHARED
DISPOSITIVE POWER 2,651,961 | |
| 9. | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,651,961 | |
| 10. | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | o |
| 11. | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.9% | |
| 12. | TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS) CO | |

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CUSIP NO. 69924M 109 13G Page 3 of 8 pages

| 1. | NAMES
OF REPORTING PERSONS FCMI FINANCIAL CORP. | |
| --- | --- | --- |
| 2. | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) o (b) x |
| 3. | SEC
USE ONLY | |
| 4. | CITIZENSHIP
OR PLACE OF ORGANIZATION ONTARIO,
CANADA | |
| | NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
| | 5. SOLE
VOTING POWER -0- | |
| | 6. SHARED
VOTING POWER 1,222,211 | |
| | 7. SOLE
DISPOSITIVE POWER -0- | |
| | 8. SHARED
DISPOSITIVE POWER 1,222,211 | |
| 9. | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,222,211 | |
| 10. | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | o |
| 11. | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% | |
| 12. | TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS) CO | |

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CUSIP NO. 69924M 109 13G Page 4 of 8 pages

| 1. | NAMES
OF REPORTING PERSONS ALBERT D. FRIEDBERG | |
| --- | --- | --- |
| 2. | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) o (b) x |
| 3. | SEC
USE ONLY | |
| 4. | CITIZENSHIP
OR PLACE OF ORGANIZATION CANADA | |
| | NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
| | 5. SOLE
VOTING POWER -0- | |
| | 6. SHARED
VOTING POWER 2,651,961 | |
| | 7. SOLE
DISPOSITIVE POWER -0- | |
| | 8. SHARED
DISPOSITIVE POWER 2,651,961 | |
| 9. | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,651,961 | |
| 10. | CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | o |
| 11. | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 16.9% | |
| 12. | TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS) IN | |

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Item 1.

(a) Name of Issuer:

PARAMOUNT GOLD NEVADA CORP.

(b) Address of Issuer’s Principal Executive Offices:

665 Anderson Street

Winnemucca, NV 89445

Item 2.

(a) Name of Persons Filing:

FCMI Financial Corp.

FCMI Parent Co.

Albert D. Friedberg

(b) Address of Principal Business Office or, if none, Residence:

181 Bay St., Ste. 250

P.O. Box 866

Toronto, Ontario M5J 2T3

Canada

(c) Citizenship:

FCMI Financial Corp.: Organized under the law of Ontario, Canada

FCMI Parent Co.: Organized under the law of Nova Scotia, Canada

Albert D. Friedberg: Citizen of Canada

(d) Title of Class of Securities:

Common Shares, par value U$ 0.01 per share.

(e) CUSIP Number:

69924M 109

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Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

| (a) | o | Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
| --- | --- | --- |
| (b) | o | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | o | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | o | Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | o | An
investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
| (f) | o | An
employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
| (g) | o | A
parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); |
| (h) | o | A
savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | o | A
church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3); |
| (j) | o | A
non-U.S. institution, in accordance with § 240.13d-1(b)(1)(ii)(J); |
| (k) | o | Group,
in accordance with § 240.13d-1(b)(1)(ii)(K); |

NOT APPLICABLE

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:______

NOT APPLICABLE

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

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Reporting Person — FCMI Financial Corp.	1,222,211		7.8	%(1)	-0-	1,222,211		-0-	1,222,211
FCMI Parent Co.	2,651,961	(2)	16.9	%(1)		2,651,961	(2)		2,651,961	(2)
Albert D. Friedberg	2,651,961	(3)	16.9	%(1)	-0-	2,651,961	(3)	-0-	2,651,961	(3)

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(1) Based on 15,689,954 shares outstanding, as set forth on the cover of the Issuer's Form 10-Q for the quarter ended September 30, 2016.

(2) Consists of 1,429,750 shares owned directly by FCMI Parent Co. and 1,222,211 shares owned directly by FCMI Financial Corp., a wholly-owned subsidiary of FCMI Parent Co.

(3) Mr. Friedberg, directly and through his control over FCMI Parent Co. shares held by members of his family and trusts for the benefit of members of his family, may be considered the ultimate beneficial owner of all of the Common Shares beneficially owned by FCMI Parent Co. and by FCMI Financial Corp., its wholly-owned subsidiary.

Item 5. Ownership of Five Percent or Less of a Class.

NOT APPLICABLE

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: o

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

NOT APPLICABLE

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

NOT APPLICABLE

Item. 8 Identification and Classification of Members of the Group

NOT APPLICABLE

Item 9. Notice of Dissolution of a Group

NOT APPLICABLE

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: January 10, 2017

FCMI Financial Corporation
/s/ Dan Scheiner
Dan Scheiner
Vice President
FCMI Financial Corporation
/s/ Dan Scheiner
Dan Scheiner
Vice President
/s/ Albert D. Friedberg
Albert D. Friedberg

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