Warrant Exercises Add to Gold Standard Treasury
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/24/12 -- Gold Standard Ventures Corp. ("Gold Standard") (TSX VENTURE: GV)(OTCQX: GDVXF) (www.goldstandardv.com) reported today that the 1,199,616 accelerated warrants that were unexercised as of April 11, 2012 have now all been exercised. Since April 11, 2012 the Company has received $1,318,567 (all figures are quoted in Canadian dollars) from the exercise of 1,318,567 share purchase warrants. After the recent warrant exercise, the Company now has approximately $11,000,000 in treasury.
As of January 1, 2012, Gold Standard had 12,973,783 warrants outstanding, each representing the right to purchase one common share of the Company from treasury, with expiry dates ranging from March 16, 2012, July 13, 2012, September 10, 21, 22, or 29, 2012, and March 3, 2013 and a weighted average exercise price of $0.99. These warrants were issued in 2010 as part of the consideration for corporate financings. As of today, there remain 3,769,804 warrants outstanding with a weighted average exercise price of $0.99 and a further potential cash infusion to Gold Standard of $3,725,777.70.
The Company has 2,889,278 warrants remaining that expire on July 13, 2012 and 880,526 broker warrants that expire on March 3, 2013.
ABOUT GOLD STANDARD VENTURES - Gold Standard Ventures is focused on the acquisition and exploration of gold projects in North Central Nevada. Gold Standard currently holds a portfolio of projects totaling approximately 26,000 acres of prospective ground within North Central Nevada and the Walker Lane of which 18,130 acres comprise the flagship Railroad Gold Project on the productive Carlin Gold Trend.
On behalf of the Board of Directors of Gold Standard,
Jonathan Awde, President and Director
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
All of the forward-looking statements made in this news release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com) and with U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml) and in other reports on our website at www.goldstandardv.com at Investors Information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Gold Standard Ventures Corp.
Jonathan Awde
President
604-669-5702
info@goldstandardv.com
www.goldstandardv.com