/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 7, 2016 /CNW/ - FCMI Parent Co. ("FCMI Parent") announced today that it disposed of 1,320,000 common shares ("Shares") of Gold Standard Ventures Corp. (the "Issuer") at a price of C$1.84 per Share for aggregate proceeds of C$2,428,800.00. FCMI Parent disposed of the Shares pursuant to a private arrangement.
Immediately prior to the transaction, FCMI Parent held ownership of and control over 29,313,966 Shares representing 14.11% of the outstanding Shares. Immediately after the transaction, FCMI Parent held ownership of and control over 27,993,966 Shares representing 13.47% of the outstanding Shares. Since the last early warning report required to be filed by FCMI Parent with respect to the Issuer, which was dated February 19, 2015, FCMI Parent's securityholding percentage of Shares decreased by 6.28% from 19.75% to 13.47%. The decrease is due principally to the issuance by the Issuer of treasury Shares.
FCMI Parent has no present intention to acquire or dispose of securities of the Issuer. However, FCMI Parent or any of its joint actors may, in the future and subject to applicable law, acquire or dispose of Shares or other securities of the Issuer depending upon a number of factors, including but not limited to general market and economic conditions and other available investment opportunities.
An early warning report respecting this acquisition will be electronically filed with the applicable securities commission in each jurisdiction where the Issuer is reporting and will be available at www.sedar.com.
FCMI Parent Co.
Brookfield Place, 181 Bay Street
SOURCE FCMI Parent Co.
For further information: or to obtain copy of the early warning report, please contact Dan Scheiner at (416) 350-2924.