Ms. Linda Lang of Macquarie reports
GOLD STANDARD ANNOUNCES PUBLIC OFFERING OF COMMON SHARES
Gold Standard Ventures Corp. has filed a preliminary 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 preliminary prospectus supplement to a registration statement on Form F-3 (registration No. 333-196751) with the U.S. Securities and Exchange Commission. The company proposes to complete a public offering of 17 million common shares of the company upon terms to be determined in the context of the market.
Macquarie Capital Markets Canada Ltd. is acting as lead underwriter on behalf of a proposed syndicate of underwriters. The company intends to grant 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 option will be exercisable for a period of 30 days following the date of the final prospectus supplement filed with the Canadian securities regulators and the SEC in connection with the offering.
The company intends to use the net proceeds of this offering (after deduction of underwriters' fees and costs of issue) to pay the balance due to Scorpio Gold Corp. in connection with the company's acquisition of the Pinion deposit, to finance additional drilling and exploration of the company's Pinion project as recommended in the Pinion technical report dated Oct. 24, 2014, to conduct further exploration on the Railroad project, to rectify the company's current working capital deficiency, 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.
A copy of the preliminary prospectus supplement to the short-form base prospectus as filed in each of British Columbia, Alberta and Ontario, and a copy of the preliminary prospectus supplement to the registration statement on Form F-3 in the United States may be obtained from Macquarie Capital Markets Canada, suite 3100, Brookfield Place,
181 Bay St.,
Toronto, Ont., M5J 2T3,
attention: Linda Lang,
phone: 1-416-848-3603.
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