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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15704)	2/8/2016 10:30:56 AM
From: Goose94	Read Replies (2) \| Respond to of 202922

Gold Standard Ventures (GSV-V) Feb 8, '16 is pleased to announce that further to its news release of February 1, 2016 a wholly owned subsidiary of OceanaGold Corporation (OGC-T) has agreed to purchase approximately 12,565,265 common shares (the "Common Shares") of the Company at a price of C$1.00 per Common Share for gross proceeds of C$12,565,265 (the "Financing"). The Financing is expected to close on or about February 10, 2016, following which OceanaGold will own (inclusive of shares held) approximately 19.9% 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, CEO 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 (the "TSXV") and the NYSE MKT LLC (the "NYSE MKT"). Listing will be subject to the Company fulfilling all of the listing requirements of the TSXV and the NYSE MKT. The Financing is not being offered in the United States. Gold Standard will pay a cash commission in connection with the Financing. ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced stage gold exploration company focused on district scale discoveries 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 NI43-101 compliant resource estimate consisting of an Indicated Mineral Resource of 20.84 million tonnes grading 0.63 grams per 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 compliant resource estimate consisting of an Inferred Resource of 23.11 million tonnes grading 0.51 g/t Au, totaling 375,000 ounces 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 Exchange) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this news release. On behalf of the Board of Directors of Gold Standard, Jonathan Awde, President and Director Gold Standard Ventures Corp. Jonathan Awde President 604-669-5702 info@goldstandardv.com www.goldstandardv.com