09:54 AM EST - Paramount Gold and Silver Corp. : said it has agreed to acquire X-Cal Resources Ltd. in a transaction valued at about $31.8 million. Under the definitive agreement, eight X-Cal shares will be exchanged for one Paramount share. The transaction implies a purchase price of $0.18 per X-Cal share, representing a premium of 73% over closing market prices on the TSX as of June 21. Paramount Gold and Silver Corp.
shares T.PZG are trading up $0.01 at $1.47.
