FCMI Parent Co. Increases Stake in Paramount Gold, Showing Bullish Confidence
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FCMI Parent Co., a 10% owner of Paramount Gold Nevada Corp (PZG), has acquired 416,000 shares of common stock at $0.60 per share on June 13, 2025. Following this transaction, FCMI Parent Co. and its affiliated entities now beneficially own a total of 9,692,310 shares.
The ownership structure breaks down as follows:
- FCMI Parent Co. directly owns 5,791,000 shares
- Buckingham Charitable Foundation owns 3,901,310 shares
Albert Friedberg, who serves as President of FCMI Parent Co. and Trustee of Buckingham Charitable Foundation, maintains control over these holdings. FCMI Parent Co. is owned by Mr. Friedberg and his family members. This Form 4 filing was signed by Dan Scheiner on June 17, 2025, reporting the transaction under Section 16(a) of the Securities Exchange Act.
Positive
- 10% owner FCMI Parent Co. purchased 416,000 shares at $0.60 per share, representing a $249,600 open market purchase, demonstrating insider confidence
Negative
- None.
Insider Trade Summary
Net Buyer: 416,000 shares ($249,600)
Net Buy
1 txn
Insider
FCMI Parent Co., Buckingham Charitable Foundation, FRIEDBERG ALBERT
Role
10% Owner | 10% Owner | 10% Owner
Bought
416,000 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.01 per share | 416,000 | $0.60 | $250K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 9,692,310 shares (Direct)
Footnotes (1)
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FAQ
What is FCMI Parent Co.'s total beneficial ownership of PZG stock after the June 2025 transaction?
Following the transaction, FCMI Parent Co.'s total beneficial ownership is 9,692,310 shares of PZG, with 5,791,000 shares owned directly by FCMI Parent Co. and 3,901,310 shares owned by the Buckingham Charitable Foundation.
Who controls FCMI Parent Co.'s ownership in PZG?
Albert D. Friedberg controls FCMI Parent Co.'s ownership in PZG. He serves as the President of FCMI Parent Co., which is owned by Mr. Friedberg and members of his family and controlled by Mr. Friedberg.
What is the relationship between Buckingham Charitable Foundation and PZG's ownership structure?
The Buckingham Charitable Foundation is a Canadian Registered Charity that owns 3,901,310 shares of PZG. Albert Friedberg serves as a Trustee of the foundation, and its holdings are considered part of the total beneficial ownership reported by FCMI Parent Co.
What percentage owner is FCMI Parent Co. of Paramount Gold Nevada Corp (PZG)?
According to the Form 4 filing, FCMI Parent Co. is listed as a 10% Owner of Paramount Gold Nevada Corp (PZG), as indicated by the checkbox marked in the relationship section of the filing.