Gold Standard Ventures
Corp. (TSXV:GSV)
(NYSE
AMERICAN:GSV) (“Gold Standard” or the “Company”) announces that all
resolutions were passed at the Annual General and Special Meeting
of Shareholders (the “Meeting”) held on Tuesday, September 12,
2017, in Vancouver, British Columbia, and after the Meeting, Alex
Morrison and Zara Boldt were appointed to the Board of Directors.
The voting at the Meeting was conducted by a
show of hands and all resolutions were approved. Had a poll been
taken, the detailed results of the votes cast by proxy in respect
of the election of the directors is set out as below. At the
Meeting, all director nominees listed in the Company’s management
information circular dated August 1, 2017, were elected as
directors of the Company.
Director |
Votes For |
|
Percentage For |
Jonathan T. Awde |
134,015,412 |
|
98.83% |
D. Bruce McLeod |
118,521,093 |
|
87.41% |
Robert J. McLeod |
118,544,080 |
|
87.42% |
Richard S. Silas |
133,945,261 |
|
98.78% |
Jamie D. Strauss |
116,933,744 |
|
86.24% |
William E. Threlkeld |
134,464,121 |
|
99.17% |
In addition, the shareholders appointed Davidson
& Company LLP as the auditor of the Company and approved the
Company’s shareholder rights plan, the Company’s restricted share
unit award plan, and the Company’s stock option plan (the “Stock
Option Plan”) and the amendments thereto.
The Company is also pleased to announce the
appointments of Alex Morrison and Zara Boldt as directors of the
Company.
Mr. Morrison is a Chartered Professional
Accountant with 30 years of mining industry experience. Mr.
Morrison has held senior executive positions at a number of mining
companies, including Vice President and Chief Financial Officer of
Franco Nevada Corporation (2007 to 2010). At Newmont Mining
Corporation, Mr. Morrison was Vice President, Operations Services
and Vice-President, Information Technology (2002 to
2007). Prior to that, Mr. Morrison was Vice President and
Chief Financial Officer of NovaGold Resources Inc., Vice President
and Controller of Homestake Mining Company and held senior
financial positions at Phelps Dodge Corporation and Stillwater
Mining Company. Mr. Morrison began his career with
PricewaterhouseCoopers LLP after obtaining his Bachelor of Arts in
Business Administration from Trinity Western University. Mr.
Morrison currently sits on the Board of Directors of Detour Gold
Corporation, Taseko Mines Ltd., Gold Resource Corp. and
Pershing Gold Corporation.
On Alex Morrison’s appointment, Jonathan Awde, a
Gold Standard director and its Chief Executive Officer, noted that
Mr. Morrison strengthens the board’s depth of expertise at a time
when the Company is advancing its Dark Star and Pinion deposits
toward a Preliminary Economic Assessment in Q4, 2017. “Alex brings
a wealth of experience in all aspects of strategic planning,
project development, mine finance, mergers and acquisitions. Alex’s
extensive mining industry and board experience will play a key role
in further elevating governance standards at the Company. The
appointment comes at a key time in the Company’s development, and
we are very pleased that he has accepted our invitation to join our
board.”
Ms. Boldt is a professional accountant (CPA,
CGA) with over fifteen years of progressively senior financial
leadership roles with public companies in the mineral exploration
and development industry. Most recently, Ms. Boldt served as Chief
Financial Officer & Corporate Secretary of Kaminak Gold, where
she was responsible for corporate due diligence and the
negotiation, documentation and execution of a Plan of Arrangement
for an acquisition transaction valued at C$520 million. Prior to
Kaminak, Ms. Boldt served as the Vice-President, Finance and Chief
Financial Officer for Stornoway Diamond Corporation where she was a
member of the senior management team responsible for arranging
financing in excess of $900 million for the development of the
Renard Project in Quebec. Ms. Boldt is the Chief Financial Officer
and Corporate Secretary for Strongbow Exploration Inc.
On Ms. Boldt’s appointment, Jonathan Awde
commented: “As we advance the company towards the potential
permitting and development of our Dark Star and Pinion deposits,
Zara’s experience at Kaminak and Stornoway will be invaluable to
us. Once more, we believe this appointment will further endow our
board with the required expertise and experience to fully realize
the Company’s potential.”
The Company further announces that Richard Silas
has decided to resign from the Board of Directors to focus on new
business opportunities. Jon Awde commented: “We would like to thank
Richard for his outstanding service to the Company in its formative
years and to wish him the best in his new business
opportunities. Richard has been at Gold Standard since the
Company’s inception and we are very grateful for his contribution
as a founding director.”
Finally, the Company also announced today that
pursuant to the Stock Option Plan, the Company today has granted
certain directors incentive stock options to purchase 600,000
common shares of the Company at yesterday’s closing price for a
term of five years (the “Stock Options”).
The Stock Options are subject to the terms of
the Stock Option Plan and regulatory approval.
ABOUT GOLD STANDARD
VENTURES – Gold Standard is an advanced stage gold
exploration company focused on district scale discoveries on its
Railroad-Pinion Gold Project, located within the prolific Carlin
Trend. The Company has successfully consolidated the southern end
of the Carlin Trend by patiently assembling a 208-sq. km. (80 sq.
mi.) land position containing four gold deposits, two of them
discovered by Gold Standard. The 2014 Pinion and Dark Star gold
deposit acquisitions offer Gold Standard a potential near-term
development option and further consolidates the Company’s premier
land package on the Carlin Trend. The Dark Star deposit, 2.1 km to
the east of Pinion, now has a resource estimate prepared in
accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”) consisting of an
Indicated Mineral Resource of 15.38 million tonnes grading 0.54
grams per tonne (g/t) gold (Au), totaling 265,100 ounces of gold
and an Inferred Mineral Resource of 17.05 million tonnes grading
1.31 g/t Au, totaling 715,800 ounces of gold, using a cut-off grade
of 0.20 g/t Au. The Pinion deposit has a resource estimate prepared
in accordance with NI 43-101 consisting of an Indicated Mineral
Resource of 31.61 million tonnes grading 0.62 g/t Au, totaling
630,300 ounces of gold and an Inferred Mineral Resource of 61.08
million tonnes grading 0.55 g/t Au, totaling 1,081,300 ounces of
gold, using a cut-off grade of 0.14 g/t Au (announced March 15,
2016). The 2014 through 2017 definition and expansion of these two
shallow, oxide deposits demonstrates their growth potential.
Neither the TSX Venture Exchange (“TSX-V”) nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX-V) nor the NYSE AMERICAN accepts responsibility
for the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
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. Such forward-looking statements include
references to potential near-term development option and the
reference to growth potential. All statements, other than
statements of historical fact, included herein including, without
limitation, statements about our proposed exploration programs,
potential near-term development option, proposed Preliminary
Economic Assessment in Q4, 2017, and growth potential of our gold
deposits are forward looking statements. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Risk factors affecting the Company include, among
others: the results from our exploration programs, global financial
conditions and volatility of capital markets, uncertainty regarding
the availability of additional capital, fluctuations in commodity
prices; title matters; the ability to obtain regulatory approval
for the grant of the Stock Options; and the additional risks
identified in our filings with Canadian securities regulators on
SEDAR in Canada (available at www.sedar.com) and with the SEC on
EDGAR (available at www.sec.gov/edgar.shtml). 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.
CAUTIONARY NOTE FOR U.S. INVESTORS
REGARDING RESERVE AND RESOURCE ESTIMATES
All resource estimates reported by the Company
were calculated in accordance with NI 43-101 and the Canadian
Institute of Mining and Metallurgy Classification system. These
standards differ significantly from the requirements of the U.S.
Securities and Exchange Commission for descriptions of mineral
properties in SEC Industry Guide 7 under Regulation S-K of the U.S.
Securities Act of 1933. In particular, under U. S. standards,
mineral resources may not be classified as a “reserve” unless the
determination has been made that mineralization could be
economically and legally produced or extracted at the time the
reserve determination is made. Accordingly, information in
this press release containing descriptions of the Company’s mineral
properties may not be comparable to similar information made public
by U.S. public reporting companies.
On behalf of the Board of Directors,
“Jonathan Awde”
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT: Jonathan Awde President
Tel: 604-669-5702 Email: info@goldstandardv.com Website:
www.goldstandardv.com