-Dahlman Rose & Co to lead Gold Standard's stock sale.
BANKING AND CREDIT NEWS-June 12, 2012--Dahlman Rose & Co to lead Gold Standard's stock sale(C)2012 M2 COMMUNICATIONS http://www.m2.com
12 June 2012 - Dahlman Rose & Company LLC has been hired as bookrunner of an issue of 10m common shares planned by Gold Standard Ventures Corp (CVE:GSV), the Canadian gold-bearing mineral properties explorer said on Tuesday.
Dahlman Rose is leading a syndicate of underwriters, including Casimir Capital Ltd, TD Securities and Macquarie Capital Markets Canada Ltd, which will co-manage the offering.
The underwriters have been granted an option to buy up to an additional 1.5m shares within 30 days of the closing of the issue. The terms of the offering, which will be made by means of a preliminary prospectus filed with the securities regulators in British Columbia, Alberta and Ontario and a related registration statement with the US Securities and Exchange Commission, will be determined by the market conditions.
Gold Standard plans to use the funds raised through the sale to complete the Phase 1 exploration programme at its flagship Railroad Project in Elko Country, Nevada, for additional drilling and exploration work at the project as well as for working capital and general corporate purposes. The company has applied for the listing of the new stock on the TSX Venture Exchange and the NYSE MKT, subject to the fulfillment of all requirements.
Gold Standard, based in Vancouver, British Columbia, acquires and explores district-scale and other gold-bearing mineral properties exclusively in Nevada, the US.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Jun 12, 2012|
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