December 26, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Paramount Gold and Silver Corp. (NYSEMKT:PZG), was announced concerning whether the takeover of Paramount Gold and Silver Corp. by Coeur Mining, Inc for a value of $0.90 per share is unfair to NYSEMKT:PZG stockholders.

The investigation by a law firm concerns whether certain officers and directors of Paramount Gold and Silver Corp. breached their fiduciary duties owed to NYSEMKT:PZG investors in connection with the proposed acquisition.

On December 17, 2014, Paramount Gold and Silver Corp. (NYSEMKT:PZG) and Coeur Mining, Inc. (NYSE: CDE) have entered into an agreement and plan of merger, dated as of December 16, 2014 (the 'Merger Agreement') pursuant to which Coeur Mining, Inc. will acquire all of the issued and outstanding shares of common stock of Paramount Gold and Silver Corp. (NYSEMKT:PZG) and the San Miguel Project.

Pursuant to the Merger Agreement, Coeur Mining, Inc. will acquire each share of outstanding Paramount Gold and Silver Corp.s stockholders in exchange for 0.2016 of a share of Coeur common stock. The Exchange Ratio represents an implied value of $0.90 per share of Paramount Gold and Silver Corp. (NYSEMKT:PZG) common stock based on the 20-trading day volume weighted average price of Coeur Mining, Inc. common shares of $4.47 on the New York Stock Exchange.

However, given that at least one analyst has set the high target price for NYSEMKT:PZG shares at $2.25 per share and that NYSEMKT:PZG shares traded earlier in 2014 as high as $1.42, respectively $2.35 per share in early 2013, the investigation concerns whether the offer is unfair to NYSEMKT:PZG stockholders. More specifically, the investigation concerns whether the Paramount Gold and Silver Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Paramount Gold and Silver Corp. reported that its Net Loss declined from $13.49 million for the 12 months period that ended on June 30, 2013 to $11.06 million for the 12 months period that ended on June 30, 2014. Shares of Paramount Gold and Silver Corp. (NYSEMKT:PZG) reached in 2011 as high as $4.15 per share

On December 26, 2014, NYSEMKT:PZG shares closed at $1.08 per share.