08:23:21 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Gold Standard Ventures Corp
Symbol GSV
Shares Issued 167,769,539
Close 2016-02-05 C$ 1.03
Market Cap C$ 172,802,625
Recent Sedar Documents

Gold Standard to sell $12.56M in shares to Oceanagold

2016-02-08 09:29 ET - News Release

Also News Release (C-OGC) Oceanagold Corp

Mr. Jonathan Awde of Gold Standard reports

OCEANAGOLD EXERCISES RIGHT TO INCREASE OWNERSHIP INTEREST IN GOLD STANDARD TO 19.9%

Further to Gold Standard Ventures Corp.'s news release of Feb. 1, 2016, a wholly owned subsidiary of Oceanagold Corp. has agreed to purchase approximately 12,565,265 common shares of the company at a price of $1.00 per common share for gross proceeds of $12,565,265.

The financing is expected to close on or about Feb. 10, 2016, following which Oceanagold will own (inclusive of shares held) approximately 19.9 per cent of the company's issued and outstanding shares on an undiluted basis pursuant to its existing equity participation right (announced May 20, 2015). The net proceeds of the financing will be used to further advance the company's Railroad-Pinion project, and for general corporate and working capital purposes. Jonathan Awde, president, chief executive officer and director of Gold Standard, commented, "We are pleased that Oceanagold is demonstrating its continued support by increasing their ownership position in Gold Standard."

The company has applied to list the common shares on the TSX Venture Exchange and the New York Stock Exchange. Listing will be subject to the company fulfilling all of the listing requirements of the TSX-V and the NYSE. The financing is not being offered in the United States. Gold Standard will pay a cash commission in connection with the financing.

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