Gold Standard Ventures (TSX: GSV) (NYSE: GSV) today announced its entry into an Equity Distribution Agreement with BMO Capital Markets to establish an at-the-market equity program (the “ATM Program”). According to the update, the Company intends to issue up to CDN$14,875,000 of common shares (“Common Shares”) under the ATM Program. At the Company’s discretion, the Common Shares will be issued from treasury to the public from time to time. Under the ATM Program, any Common Shares will be sold at the prevailing market price at the time of sale, when sold through the NYSE American LLC (“NYSE American”) or any other existing trading market for the Common Shares in the United States. Sales under the ATM Program will be commenced at the Company’s discretion, and any associated net proceeds will be used to fund the work program on the Company’s Railroad-Pinion Project recommended in the technical report with an effective date of February 13, 2020, as well as for general corporate purposes.
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About Gold Standard Ventures
Gold Standard is an advanced-stage gold exploration and development company. The Company is developing South Railroad, an advanced gold and silver open pit oxide heap leach project and continues to focus on district scale discoveries on the greater Railroad-Pinion Project land position. For more information, visit www.GoldStandardV.com.
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