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Gold Standard Ventures Corp. (GSV) has successfully closed a bought deal financing, raising C$34,509,200 through the sale of 39,215,000 common shares at C$0.88 each. The financing was facilitated by a syndicate of underwriters, including BMO Capital Markets. The net proceeds will focus on development and exploration activities at the South Railroad Project and general corporate purposes. The company anticipates this funding will support its Feasibility Study and enhance the South Railroad Project’s development.
Gold Standard Ventures Corp. (GSV) has announced a bought deal offering of 34,100,000 common shares at C$0.88 per share, aiming to raise approximately C$30 million. The offering, led by BMO Capital Markets, is expected to close by February 17, 2021, pending regulatory approvals. Proceeds from the offering will support the South Railroad Project's development and exploration activities. An option for underwriters to purchase an additional 15% of shares is also included for over-allotments. Detailed information will be available through various prospectus filings.
Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) announced that the Bureau of Land Management Nevada has ruled its Plan of Operations for the South Railroad Project complete. This ruling allows the company to begin the Environmental Impact Statement process, which is expected to take 12 to 18 months. Jason Attew, President and CEO, emphasized that this milestone brings the company closer to its goal of becoming a low-cost junior gold producer in Nevada. The South Railroad Project is part of a 21,000+ hectare land package in a top mining jurisdiction.
Gold Standard Ventures Corp. (GSV) announced a $10.05 million expanded development and exploration drilling program for its Railroad-Pinion Project in Nevada. The program includes 10,457m of drilling across 67 holes, targeting increased reserves and advancing the South Railroad Feasibility Study. Funding comes from an "at the market" equity program, which raised approximately $15.68 million from 15 million shares issued. Key objectives include converting resources to Measured and Indicated confidence levels, initiating permitting processes, and exploring new gold targets. The company also has around CAD $28.3 million in treasury.
Gold Standard Ventures Corp. (GSV) announced an at-the-market Equity Distribution Agreement with BMO Capital Markets to issue up to CDN$25 million in common shares. These shares will be sold at market price at the company's discretion and are aimed at funding its Railroad-Pinion Project and general corporate purposes. The program will not involve sales in Canada and is subject to certain termination conditions. BMO will receive a 2% commission on gross proceeds from sales.