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To: John McCarthy who wrote (36516)3/23/2007 9:15:48 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 78421
 
John M, Paramount Gold (PGDP) -- Thanks for posting that, I was wondering if anyone else was interested in this company. I believe that was the last piece of the puzzle required to get the financing closed, so we should be getting a PR on that either today or Monday at the latest. The company and its financier, Blackmont, did a great job with this financing.

It seems likely that the overallotment option will get exercised, which will give them the ability to open up that second play they have recently announced in Peru. This is key since now they won't have all their eggs in 1 basket.