NYSE AMERICAN: GSV TSX: GSV GOLD: US Get Updates?

GOLD STANDARD COMPLETES ARRANGEMENT WITH JKR GOLD RESOURCES INC.

July 14, 2010

Further to the Company’s news release of July 6, 2010, Gold Standard Ventures Corp. (the “Company” or “GSV”) is pleased to announce that on July 13, 2010 GSV completed its acquisition, by way of statutory plan of arrangement (the “Arrangement”), of 100% of the issued and outstanding securities of JKR Gold Resources Inc. (“JKR”) in exchange for like securities of GSV on a one for one basis as more particularly described in the joint information circular of GSV and JKR dated May 28, 2010 (the “Circular”), a copy of which is available for review on SEDAR.

Arrangement

Pursuant to the Arrangement, the Company has issued a total of 24,784,571 common shares (“GSV Shares”) to the shareholders of JKR at a deemed price of $0.65 per share, of which 11,150,000 shares have been deposited in escrow with the Company’s transfer agent subject to staged release over a period of 3 years in accordance with the Exchange’s value security escrow restrictions. A further 4,285,000 GSV Shares are subject to resale restrictions under the Exchange’s seed share resale matrix for periods of up to one year as well as a voluntary six month hold period month (to run concurrently) as more particularly described in the Circular. An additional 3,124,571 GSV Shares are also subject to the voluntary six month hold period. A letter of transmittal is in the process of being mailed out to the shareholders of JKR to exchange their JKR shares for GSV Shares.

Concurrent Financing

In conjunction with the Arrangement, the Company also completed a non-brokered private placement of 5,564,176 unit subscription receipts (“Subscription Receipts”) at a price of $0.65 per receipt for gross proceeds of $3,616,715 (the “Concurrent Financing”). Each Subscription Receipt was automatically exchanged, without payment of additional consideration, into one GSV Share and one warrant (a “GSV Warrant”) to purchase an additional GSV Share upon completion of the Arrangement. Each GSV Warrant entitles the holder to purchase an additional GSV Share for a period of two years at an exercise price of $1.00. These GSV Shares and GSV Warrants are subject to varying hold periods expiring on August 2, 2010 (as to 4,146,537 shares), September 22, 2010 (as to 980,384 shares) and November 13, 2010 (as to 437,255 shares).

A commission of $193,120.06 and non-transferable agent’s warrants to purchase up to 265,730 GSV Shares on the same terms as the GSV Warrants were issued to, among others, Canaccord Financial Ltd. in connection with the Concurrent Financing.

The net proceeds of the Concurrent Financing will be used to, among other things, finance the continued exploration of JKR’s Railroad and CVN projects in Nevada, U.S.A., pay for the costs of issue and fund general working capital expenses as more particularly described in the Circular.

Arrangement

Pursuant to the Arrangement, the Company has issued a total of 24,784,571 common shares (“GSV Shares”) to the shareholders of JKR at a deemed price of $0.65 per share, of which 11,150,000 shares have been deposited in escrow with the Company’s transfer agent subject to staged release over a period of 3 years in accordance with the Exchange’s value security escrow restrictions. A further 4,285,000 GSV Shares are subject to resale restrictions under the Exchange’s seed share resale matrix for periods of up to one year as well as a voluntary six month hold period month (to run concurrently) as more particularly described in the Circular. An additional 3,124,571 GSV Shares are also subject to the voluntary six month hold period. A letter of transmittal is in the process of being mailed out to the shareholders of JKR to exchange their JKR shares for GSV Shares.

Concurrent Financing

In conjunction with the Arrangement, the Company also completed a non-brokered private placement of 5,564,176 unit subscription receipts (“Subscription Receipts”) at a price of $0.65 per receipt for gross proceeds of $3,616,715 (the “Concurrent Financing”). Each Subscription Receipt was automatically exchanged, without payment of additional consideration, into one GSV Share and one warrant (a “GSV Warrant”) to purchase an additional GSV Share upon completion of the Arrangement. Each GSV Warrant entitles the holder to purchase an additional GSV Share for a period of two years at an exercise price of $1.00. These GSV Shares and GSV Warrants are subject to varying hold periods expiring on August 2, 2010 (as to 4,146,537 shares), September 22, 2010 (as to 980,384 shares) and November 13, 2010 (as to 437,255 shares).

A commission of $193,120.06 and non-transferable agent’s warrants to purchase up to 265,730 GSV Shares on the same terms as the GSV Warrants were issued to, among others, Canaccord Financial Ltd. in connection with the Concurrent Financing.

The net proceeds of the Concurrent Financing will be used to, among other things, finance the continued exploration of JKR’s Railroad and CVN projects in Nevada, U.S.A., pay for the costs of issue and fund general working capital expenses as more particularly described in the Circular.

Directors and Officers

In conjunction with the Arrangement, all of the existing directors of GSV, with the exception of Richard Silas, have resigned and the board of directors and management of the Company are now comprised of the following individuals:
Jonathan T. Awde – President, Chief Executive Officer and director
David C. Mathewson – Vice-President, Exploration and director
Richard S. Silas – Secretary and director
Ewan S. Downie – Director
Robert J. McLeod – Director
Michael Waldkirch – Chief Financial Officer

Stock Options

At the closing of the Arrangement, the Company also granted options to purchase up to 2,050,000 GSV Shares to certain executive officers, directors and consultants of the Company exercisable for a period of 5 years at a price of $0.65 per share.

Outstanding Share Capital
As a result of the Arrangement and the Concurrent Financing, the Company now has a total of 34,894,816 common shares issued and outstanding.

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.

ON BEHALF OF THE BOARD OF DIRECTORS
“Jonathan T. Awde”
Jonathan T. Awde
President and Chief Executive Officer

For Further Information, please contact:
Gold Standard Ventures Corp. Jonathan T. Awde – President and Chief Executive Officer
Tel: (604) 687 – 2766
Email: [email protected]

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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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