Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release it created an at-the-market (ATM) equity program.
Under the new program, developed with the assistance of BMO Capital Markets, the gold explorer and developer plans to issue up to CA$25 million worth of common shares to the public from the treasury. The timing of any issuances is up to Gold Standard.
The Vancouver-headquartered company will sell common shares under the ATM program only in the U.S., on the NYSE American or other common shares trading market, not in Canada. The price of the common shares sold will be the prevailing market price at the time of the sale. Gold Standard will determine when to start such sales.
The company stated that it will use the net proceeds of any common share sales under the ATM program to fund future work at its Railroad-Pinion project in Nevada and for general corporate purposes.
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