DGAP-News: Gold Standard Ventures Corp. arranges C$11,950,000 Equity Financing
(firmenpresse) - DGAP-News: Gold Standard Ventures Corp. / Key word(s): Miscellaneous
Gold Standard Ventures Corp. arranges C$11,950,000 Equity Financing
24.02.2011 / 18:50
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S.
NEWS AGENCIES
Gold Standard Ventures Corp. arranges C$11,950,000 Equity Financing
February 24, 2011
Vancouver, B.C. - Gold Standard Ventures Corp. ('Gold Standard' or the
'Company') (TSX-V: GV; OTCQX: GDVXF) is pleased to announce an agreement in
principle for a non-brokered private placement of C$11,950,000 through the
sale of 12,578,947 common shares at $0.95 cents per share. The placement is
subject to definitive agreements and regulatory approvals. The placement
price represents a 9.4% premium to Gold Standard's 20-day VWAP.
FCMI Financial Corporation ('FCMI') has agreed in principle to subscribe
for 11,000,000 common shares of the placement. FCMI is a private
corporation based in Toronto and controlled by Albert D. Friedberg and
members of his family.
FCMI will have the right to nominate one member to Gold Standard's Board of
Directors following closing and to participate, on a pro rata basis, in
future equity financings of the Company for up to two years.
The net proceeds of the financing will be used to fund the advancement of
Gold Standard's flagship Railroad Gold project in the southern Carlin
Trend, additional exploration activities at its other projects in Nevada,
and for general corporate purposes.
'We are very excited to arrange this financing with FCMI Financial
Corporation as it will allow us to advance our exploration efforts at our
flagship Railroad Gold project and focus on making new gold discoveries in
Nevada', remarked Jonathan Awde, President, CEO and Director of Gold
Standard.
Dahlman Rose&Company, LLC ('Dahlman Rose') acted as Financial Advisor to
Gold Standard and will be paid an aggregate cash fee of 7.0% of the gross
proceeds from the private placement. Dahlman Rose will also receive
warrants equal in number to 7.0% of the number of common shares sold
pursuant to the private placement. The warrants will be exercisable for a
period of two years at a price of C$0.95 per share.
ABOUT GOLD STANDARD VENTURES - Gold Standard Ventures is focused on the
acquisition and exploration of gold projects in North Central Nevada. Gold
Standard currently holds a portfolio of projects totaling approximately
26,000 acres of prospective ground within North Central Nevada of which
15,349 acres comprise the flagship Railroad Gold Project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
On behalf of the Board of Directors of Gold Standard, 'Jonathan Awde'
Jonathan Awde, President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Awde
President, CEO and Director
Tel: 604-669-5702
Email: info(at)goldstandardv.com
Website: www.goldstandardv.com
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 beliefs and are based on assumptions made by and
information currently available to the Company. Investors are cautioned
that these forward looking statements are neither promises nor guarantees,
and are subject to risks and uncertainties that may cause future results to
differ materially from those expected. These forward-looking statements are
made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED
HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY
NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM.
End of Corporate News
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113448 24.02.2011
Datum: 24.02.2011 - 18:50 Uhr
Sprache: Deutsch
News-ID 33300
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