SIOUX FALLS, S.D. (AP) -- Paramount Gold and Silver Corp. said Wednesday it will acquire the remaining 30 percent interest in its San Miguel project in Chihuahua, Mexico.Ottawa, Canada-based Paramount Gold said it signed an agreement to purchase the remaining interest from Tara Gold Resources Corp. for 7.35 million restricted common shares of Paramount.
The transaction is expected to close on Sept. 10.
"As we complete our second major round of drilling, we will be in a stronger position to build the resource and to plan for the next stage of project development including the future mining potential of the region," Christopher Crupi, Paramount Gold's chief executive, said in a statement.
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