01:03:37 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Gold Standard Ventures Corp
Symbol GSV
Shares Issued 167,769,539
Close 2016-02-09 C$ 1.07
Market Cap C$ 179,513,407
Recent Sedar Documents

ORIGINAL: Gold Standard closes $16.1M placement with Goldcorp

2016-02-09 16:31 ET - News Release

Received by email:

File: February 9 2016 - Goldcorp closing - FINAL.docx



GOLD STANDARD CLOSES C$16.1 MILLION STRATEGIC INVESTMENT WITH GOLDCORP INC.
February 9, 2016 - Vancouver, B.C. - Gold Standard Ventures Corp. (TSXV: GSV, NYSE MKT:GSV) ("Gold Standard" or the "C
--->ompany") is pleased to report that it today closed its previously announced private placement financing (the "Financin
--->g") with Goldcorp Inc. (TSX:G; NYSE:GG) ("Goldcorp") for 16,100,000 common shares of Gold Standard (the "Purchased Sha
--->res") at a price of C$1.00 per share for gross proceeds of C$16,100,000. Goldcorp now owns approximately 9.9% of the C
--->ompany's issued and outstanding shares on an undiluted basis.

The net proceeds of the Financing will be used to further advance the Company's Railroad-Pinion project and for genera
--->l corporate and working capital purposes. 

The Purchased Shares are subject to a statutory hold period in Canada of four months plus one day expiring June 10, 20
--->16. 

ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced stage gold exploration company focused on district scale d
--->iscoveries in Nevada. The Company's flagship project, the Railroad-Pinion Gold Project, is located within the prolific
---> Carlin Trend. The 2014 Pinion gold deposit acquisition offers Gold Standard a potential near-term development option 
--->and further consolidates the Company's premier land package on the Carlin Trend. The Pinion deposit now has an NI43-10
--->1 compliant resource estimate consisting of an Indicated Mineral Resource of 20.84 million tonnes grading 0.63 grams p
--->er tonne (g/t) gold (Au), totaling 423,000 ounces of gold, and an Inferred Resource of 55.93 million tonnes grading 0.
--->57 g/t Au, totaling 1,022,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (announced September 10, 2014).  In
---> addition to the Pinion deposit, the Dark Star deposit, 2.1 km to the east of Pinion, hosts a maiden NI43-101 complian
--->t resource estimate consisting of an Inferred Resource of 23.11 million tonnes grading 0.51 g/t Au, totaling 375,000 o
--->unces of gold, using a cut-off grade of 0.14 g/t Au (announced March 3, 2015).
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exch
--->ange) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which relate to future events or future performance and reflect
---> management's current expectations and assumptions. Such forward-looking statements reflect management's current belie
--->fs and are based on assumptions made by and information currently available to the Company. All statements, other than
---> statements of historical fact, included herein including, without limitation, statements about our proposed use of pr
--->oceeds from the Financing are forward looking statements. By their nature, forward-looking statements involve known an
--->d unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or o
--->ther future events, to be materially different from any future results, performance or achievements expressed or impli
--->ed by such forward-looking statements.  Risk factors affecting the Company include, among others: the results from our
---> exploration programs, global financial conditions and volatility of capital markets, uncertainty regarding the availa
--->bility of additional capital, fluctuations in commodity prices; title matters; and the additional risks identified in 
--->our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) and with the SEC on ED
--->GAR (available at www.sec.gov/edgar.shtml). These forward-looking statements are made as of the date hereof and, excep
--->t as required under applicable securities legislation, the Company does not assume any obligation to update or revise 
--->them to reflect new events or circumstances.

CAUTIONARY NOTE FOR U.S. INVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES
All resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-
--->101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly fr
--->om the requirements of the U.S. Securities and Exchange Commission for descriptions of mineral properties in SEC Indus
--->try Guide 7 under Regulation S-K of the U. S. Securities Act of 1933. In particular, under U. S. standards, mineral re
--->sources may not be classified as a "reserve" unless the determination has been made that mineralization could be econo
--->mically and legally produced or extracted at the time the reserve determination is made.  Accordingly, information in 
--->this press release containing descriptions of the Company's mineral properties may not be comparable to similar inform
--->ation made public by US public reporting companies.

On behalf of the Board of Directors of Gold Standard,
"Jonathan Awde"
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Awde President Tel:      604-669-5702 Email: info@goldstandardv.com Website: www.goldstandardv.com





© 2024 Canjex Publishing Ltd. All rights reserved.