FCMI Financial Corporation Acquires Shares of Paramount Gold and Silver Corp.

FCMI Financial Corporation Acquires Shares of Paramount Gold and Silver Corp.

FCMI Financial Corporation has acquired 4,000,000 common shares of Paramount Gold and Silver Corp. from treasury at a price of US$1.25 per common share in a public offering.

FCMI Financial owns 16,000,000 common shares representing 15.78% of the total outstanding Common Shares.

FCMI Financial has purchased such common shares for investment purposes and intends, subject to market conditions, to make additional acquisitions or dispositions in securities of Paramount Gold and Silver Corp. in the future.

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