On April 17, 2015, Paramount Gold and Silver Corp. (NYSE MKT: PZG) (TSX: PZG) and Coeur Mining, Inc. (NYSE: CDE) completed their plan of merger, pursuant to which Coeur acquired all of the issued and outstanding shares of common stock of Paramount and the San Miguel Project.

Approximately 32.7 million shares of Coeur common stock were issued to Paramount stockholders and approximately $10 million in cash was contributed to of Paramount's subsidiary holding its Nevada mining assets, in which Coeur retained a 4.9% interest. Paramount will no long trade as an independent company and will be a wholly-owned subsidiary of Coeur.

Immediately prior to the consummation of the merger, the shares of Paramount's subsidiary holding its Nevada mining assets were spun-off to holders of the company's common stock. The spun-off company, Paramount Gold Nevada Corp., began "regular way" trading on the NYSE MKT on April 20, 2015 under the symbol "PZG”.

Gowlings was Canadian counsel to Paramount Gold and Silver in the merger transaction and Canadian counsel to Paramount Gold Nevada in its spin-off and ongoing matters with a team that includes Michael Clancy, Brett Kagetsu, Brent Kerr and Catherine Graham.