Non-brokered deal's proceeds slated to advance Railroad Gold project
By Devika Patel
Knoxville, Tenn., Feb. 24 - Gold Standard Ventures Corp. said it has arranged a non-brokered private placement of stock. The deal will raise C$11.95 million. FCMI Parent Co. will invest C$10.45 million.
The company will sell 12,578,947 common shares at C$0.95 apiece, a 14.41% discount to the Feb. 23 closing share price of C$1.11 and a 9.4% premium to Gold Standard's 20-day volume-weighted average price.
Proceeds will be used to advance Gold Standard's flagship Railroad Gold project in the southern Carlin Trend, for exploration activities at its other projects in Nevada and general corporate purposes.
The gold explorer is based in Vancouver, B.C.
| Issuer: | Gold Standard Ventures Corp.
|
| Issue: | Common shares
|
| Amount: | C$11.95 million
|
| Shares: | 12,578,947
|
| Price: | C$0.95
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | FCMI Parent Co. (for C$10.45 million)
|
| Pricing date: | Feb. 24
|
| Stock symbol: | TSX Venture: GV
|
| Stock price: | C$1.11 at close Feb. 23
|
| Market capitalization: | C$8.05 million
|
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