Further to the Company’s news release of June 14, 2010, Gold Standard Ventures Corp. (the “Company” or “GSV”) is pleased to announce that the shareholders of GSV unanimously approved the Company’s 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 at the Company’s annual and special meeting held on June 30, 2010. The Arrangement was also unanimously approved by the securityholders of JKR at the annual and special meeting of JKR held on the same date.
On July 2, 2010 JKR obtained a final order of the Supreme Court of British Columbia approving the Arrangement and declaring the terms and conditions thereof and the issuances and exchanges of securities contemplated therein fair and reasonable to the JKR security holders.
As a result of the foregoing approvals, closing of the Arrangement is scheduled to take place on July 13, 2010.
For a detailed discussion of, among other things, the Arrangement please refer to the joint information circular of GSV and JKR dated May 28, 2010 (the “Joint Information Circular”) prepared in connection with the annual and special meetings of GSV and JKR, a copy of which is available for review on SEDAR.
The TSX Venture Exchange has in no way passed on the merits of the proposed Arrangement and 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
Richard Silas President and Chief Executive Officer
For Further Information, please contact:
Gold Standard Ventures Corp. Richard Silas – President and Chief Executive Officer
Tel: (604) 687 – 2766
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.