21:05:55 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Gold Standard Ventures Corp
Symbol GSV
Shares Issued 112,445,113
Close 2014-08-12 C$ 0.70
Market Cap C$ 78,711,579
Recent Sedar Documents

Gold Standard prices offering at 64 U.S. cents a share

2014-08-13 10:29 ET - News Release

Ms. Linda Lang of Macquarie Capital Markets reports

GOLD STANDARD PRICES OFFERING OF COMMON SHARES

Gold Standard Ventures Corp., pursuant to its public offering of common shares announced on Aug. 7, 2014, has entered into an underwriting agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd., and including Loewen, Ondaatje, McCutcheon USA Ltd., Tempest Capital Corp. and H.C. Wainwright & Co. LLC, to purchase a total of nine million common shares of the company at a price of 64 U.S. cents per common share to raise gross proceeds of $5.76-million (U.S.).

The company filed a final prospectus supplement to its short-form base prospectus dated June 23, 2014, with the securities regulators in each of British Columbia, Alberta and Ontario, and a final prospectus supplement to a related registration statement on Form F-3 (registration No. 333-196751) with the U.S. Securities and Exchange Commission.

The company has granted the underwriters an overallotment option to purchase additional common shares up to 15 per cent of the common shares sold pursuant to the offering. The overallotment option will be exercisable for a period of 30 days from the date of filing of the final prospectus supplements for the offering filed with the Canadian securities regulators and the SEC.

The company intends to use the net proceeds of this offering (after deduction of underwriters' commission and costs of issue) to finance continuing exploration at its Railroad-Pinion project as recommended in the phase 1 work program of the Railroad-Pinion technical report dated March 31, 2014, and for general corporate and working capital purposes.

The company has applied to list the common shares on the TSX Venture Exchange and the NYSE MKT LLC. Listing will be subject to the company fulfilling all of the listing requirements of the TSX-V and the NYSE MKT.

Closing of the offering is anticipated to take place on Aug. 19, 2014.

Copies of the final prospectus supplement and short-form base prospectus as filed in each of British Columbia, Alberta and Ontario, and the final prospectus supplement and Form F-3 registration statement as filed with the SEC may be obtained from Macquarie Capital Markets Canada Ltd., Suite 3100, Brookfield Place, 181 Bay St., Toronto, Ont., M5J 2T3, attention: Linda Lang, phone number 1-416-848-3603.

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