Financing
GOLD STANDARD CLOSES US$20 MILLION PUBLIC OFFERING
June 27, 2012 – Vancouver, B.C. – Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) (“Gold Standard” or the “Company”) is pleased to announce that it has closed its previously announced US$20 million public offering under which the Company has sold 10,000,000 common shares of the Company (the “Common Shares”) at a price of US$2.00 per Common Share (the “Offering”) pursuant to a short form supplemented base PREP prospectus filed with the securities regulators in British Columbia, Alberta and Ontario and a related registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). Dahlman Rose & Company, LLC acted as book-running manager and representative of a syndicate of underwriters that included Casimir Capital Ltd. and TD Securities Inc. acting as co-lead managers and Macquarie Capital Markets Canada Ltd. acting as co-manager (collectively, the “Underwriters”).
The Underwriters have also been granted an over-allotment option to purchase up to an additional 1,500,000 Common Shares at a price of US$2.00 per share, exercisable for a period of 30 days from the closing of the Offering, to cover over-allotments if any.
The Company intends to use the net proceeds of the Offering to complete the Phase 1 exploration program at its flagship Railroad Project in north-central Nevada and for working capital and general corporate purposes.