16:05:13 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Gold Standard Ventures Corp
Symbol GSV
Shares Issued 222,795,174
Close 2017-06-08 C$ 2.45
Market Cap C$ 545,848,176
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Battle Mountain holders OK acquisition by Gold Standard

2017-06-08 16:26 ET - News Release

See News Release (C-BMG) Battle Mountain Gold Inc

Mr. Chet Idziszek of Battle Mountain reports

BATTLE MOUNTAIN SECURITYHOLDERS OVERWHELMINGLY APPROVE ACQUSITION BY GOLD STANDARD VENTURES CORP.

A significant majority of Battle Mountain Gold Inc.'s securityholders approved the special resolution authorizing the plan of arrangement involving Battle Mountain, its securityholders and Gold Standard Ventures Corp. pursuant to which Gold Standard will acquire all of the outstanding common shares of Battle Mountain (other than those already owned by Gold Standard).

The arrangement resolution was approved by approximately 99.96 per cent of the votes cast by Battle Mountain shareholders, 99.97 per cent of the votes cast by Battle Mountain shareholders, optionholders and warrantholders, voting as a single class, and 99.94 per cent of the votes cast by Battle Mountain shareholders, excluding those shares held by Gold Standard and certain insiders of Battle Mountain. A total of 52,997,393 Battle Mountain securities were voted at the meeting, representing approximately 76.23 per cent of the votes attached to all Battle Mountain securities outstanding as of the record date of May 9, 2017.

Battle Mountain will seek a final order of the Supreme Court of British Columbia to approve the arrangement at a hearing expected to be held on or about June 12, 2017. Assuming all other closing conditions are satisfied or waived, the arrangement is expected to close on or about June 14, 2017.

The deadline has passed for registered holders of Battle Mountain shares to provide a written notice of dissent to the arrangement resolution to Battle Mountain to exercise dissent rights pursuant to the interim order obtained in connection with the arrangement.

About Battle Mountain Gold Inc.

Battle Mountain is a growth-oriented company focused on acquiring, exploring and developing precious metal projects in geological districts with potential for world-class deposits. Battle Mountain currently owns and operates 100 per cent of the Lewis gold project, situated in the prolific Battle Mountain trend of Nevada. The 5,500-acre Lewis gold project is contiguous with the Phoenix gold mine placed into production by Newmont Mining in late 2006. As of Dec. 31, 2016, proven and probable reserves at Phoenix totalled 4.3 million ounces of gold, 60.9 million ounces of silver and 1.26 billion pounds of copper (2016 Newmont annual report).

About Gold Standard Ventures Corp.

Gold Standard is an advanced-stage gold exploration company focused on district-scale discoveries on its Railroad-Pinion gold project, located within the prolific Carlin trend. The company has consolidated the southern end of the Carlin trend by patiently assembling a 208-square-kilometre (80-square-mile) land position containing four gold deposits, two of them discovered by Gold Standard. The 2014 Pinion and Dark Star gold deposit acquisitions offer Gold Standard a potential near-term development option and further consolidate the company's premier land package on the Carlin trend. The 2014 and 2015 definition and expansion of these two shallow oxide deposits demonstrate their growth potential.

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