04:47:51 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Gold Standard Ventures Corp
Symbol GSV
Shares Issued 167,769,539
Close 2015-06-19 C$ 0.65
Market Cap C$ 109,050,200
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Lundin says hold Gold Standard

2015-06-19 21:12 ET - In the News

Brien Lundin, in the June, 2015, edition of the Gold Newsletter, says hold Gold Standard Ventures Corp., recently 66 cents. Mr. Lundin said buy Gold Standard six times between December, 2010, and November, 2014, at prices ranging from 55 cents to $1.64. Assuming a $1,000 investment for each of the six buys, the $6,000 position is now worth $5,162. The company recently sold a private placement of 24,997,661 shares at 65 cents to OceanaGold Corp. Gold Standard will use the money to explore and define gold resources on its Railroad-Pinion gold project in Nevada. Mr. Lundin says OceanaGold has also received the right to request the formation of a technical committee that will consist of a minimum of four members. OceanaGold will be able to name one member to that committee. The newsletter editor says while the private placement is obviously dilutive, the company needs the money to continue its search for elephant-sized gold deposits in Nevada. Mr. Lundin concludes he will see how Gold Standard uses the money from OceanaGold, so for now the stock remains a hold.

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