Paramount Gold and Silver Corp. Closes Acquisition of X-Cal Resources and the Sleeper Gold Project

- August 23rd, 2010

Paramount Gold and Silver Corp. (TSE:PZG, NYSE:PZG) reported that it advises that its previously announced acquisition of X-Cal Resources Ltd. (TSE: XCL) has been approved by 100% of the X-Cal shareholders present or represented by proxy at its recent meeting.

Paramount Gold and Silver Corp. (TSX:PZG, NYSE:PZG) reported that it advises that its previously announced acquisition of X-Cal Resources Ltd. (TSX: XCL) has been approved by 100% of the X-Cal shareholders present or represented by proxy at its recent meeting.

The press release is quoted as saying:

The Supreme Court of British Columbia has approved the transaction and the acquisition is now closed.

Click here to access the entire press release

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