Gold Standard Ventures (GSV)

[benandemmiboo]

GSV just expanded their property:

"In our view, acquiring the Pinion Deposit and completing the Railroad land position puts us firmly in control of one of the premier undeveloped land packages on the Carlin Trend. Our growing North Bullion Deposit exhibits the characteristics of a classical, large, higher-grade North Carlin-style occurrence," stated Jonathan Awde, President and CEO of Gold Standard. "Pinion provides us with a very different development option...a near-surface oxide deposit which would typically have a shorter path to development as well as lower capital and operating costs. We think this is a strategically important addition to our asset base in the current environment."

Upfront consideration for the acquisition will consist of cash payments of C$6,000,000 and 5,500,000 GSV common shares. Concurrent with the acquisition, Gold Standard has engaged a Canadian agent as lead agent and lead arranger to raise, by way of a best efforts private placement, a minimum C$8 million (the "Offering"), subject to an agent's option to increase the Offering by up to 15% until 48 hours prior to closing, to finance the acquisition of Pinion and for working capital and general corporate purposes. The Offering will be subject to certain conditions including the receipt of all necessary approvals including the approval of the TSX-V and the NYSE MKT."