TORONTO, June 29, 2012 /CNW/ - FCMI Parent Co. has acquired 1,150,000 common shares (the "Common Shares") of Gold Standard Ventures Corp (TSX:GSV) ("Gold Standard") at a price of US$2.00 per Common, representing 1.41% of the total issued and outstanding shares of Gold Standard, following the completion of a recent public offering by Gold Standard.
This acquisition, along with additional acquisitions of common shares by FCMI since FCMI's last early warning report filing, represents a 2.14% increase in the total issued and outstanding shares of Gold Standard.
As a result of this acquisition and together with common shares previously held by FCMI Parent Co., FCMI Parent Co., together with joint actors now holds 12,774,300 Common Shares, representing 15.72% of the issued and outstanding Common Shares of Gold Standard Ventures Corp.
The Common Shares were acquired for investment purposes. FCMI Parent Co. intends, subject to market conditions, to make additional acquisitions or dispositions in securities of Gold Standard Ventures Corp. in the future depending on price, availability and market conditions.
For further information:
FCMI Financial Corporation
Henry Fenig Executive Vice President