BUZZ-Paramount Gold and Silver Corp: To be acquired by Coeur Mining

Wed Dec 17, 2014 7:22am EST
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** Miner's shares up 22 pct at 78 cents premarket

** Coeur Mining Inc to buy Paramount for $146 mln in stock

** Paramount shareholders to get 0.2016 Coeur share per share held, which works out to 92 cents per Paramount share based on Coeur's Tuesday close

** Offer represents about 44 pct premium to Paramount's Tuesday close

** Paramount will also spin off its Sleeper Gold Project and other assets in Nevada to shareholders

** Coeur will take 4.9 pct stake in spunoff unit and invest $10 mln in it

** Up to Tuesday's close, Paramount shares had fallen 31 pct this year