Ingalls & Snyder, LLC, Dundee Corporation and Paramount Gold and Silver Corp. each participated as investors in the private placement.The securities issued in the private placement were not registered under the Securities Act of 1933, as amended ("Securities Act") or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. As part of the transaction, the Company has agreed to file a registration statement with the Securities and Exchange Commission for purposes of registering the resale of all of the common stock issuable upon conversion of the Series E Convertible Preferred Stock and exercise of the warrants.
Pershing Gold Completes $11.1 Million Private Placement
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