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

To: Goose94 who wrote (23366)	10/28/2016 12:14:37 PM
From: Goose94	Read Replies (1) \| Respond to of 203397

Gold Standard Ventures (GSV-V) Oct 28, '16 has closed a non-brokered private placement of 12,036,436 common shares in the capital of the company at an offered price of $3.17 per share for total proceeds of approximately $38-million. Goldcorp Inc. purchased, as a part of the private placement, 4,731,862 common shares of the company at the Offering Price for total proceeds of approximately C$15 million, and now owns 22,903,362 Common Shares of Gold Standard, which represents approximately 10.3% of the Company's issued and outstanding Common Shares on a non-diluted basis. Jonathan Awde, President, CEO and Director of Gold Standard commented, "Following closing of this financing, Gold Standard will have cash on hand of approximately C$59.5 million. We plan to aggressively drill the Railroad Gold Project for district scale targets with a focus on expanding the high grade North Dark Star Deposit. We would like to thank shareholders for their support and will continue to focus on increasing shareholder value." Proceeds received from the private placement will be used to acquire certain royalty interests on its flagship Pinion-Railroad Gold Project in Nevada (the "Project"), purchase land claims in close proximity to the Project, continue exploration on the Project, and for general working capital purposes.. The Common Shares will be subject to a statutory hold period in Canada of four months plus one day from the closing of the Financing. In connection with the Financing, an advisory fee of 5.0% on the placement of 9,636,436 Common Shares and 2.5% on the placement of 2,400,000 Common Shares was paid to Macquarie Capital Markets Canada Ltd., Cormark Securities Inc., BMO Nesbitt Burns Inc., Medalist Capital Ltd. and PI Financial Corp. ABOUT GOLD STANDARD VENTURES 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 2014 Pinion and Dark Star gold deposit acquisitions offer 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 National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant resource estimate consisting of an Indicated Mineral Resource of 31.61 million tonnes grading 0.62 grams per tonne (g/t) gold (Au), totaling 630,300 ounces of gold and an Inferred Resource of 61.08 million tonnes grading 0.55 g/t Au, totaling 1,081,300 ounces of gold, using a cut-off grade of 0.14 g/t Au. The Dark Star deposit, 2.1 km to the east of Pinion, has a NI 43-101 compliant resource estimate consisting of an Inferred Mineral 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). The 2014 and 2015 definition and expansion of these two shallow, oxide deposits demonstrates their growth potential. 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