/NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR
DISSEMINATION TO U.S. NEWS WIRE SERVICES/
TORONTO, Aug. 1 /CNW/ - Gold Standard Royalty Corporation (the "Company")
is pleased to announce that is has filed a preliminary prospectus dated
July 30, 2007 in connection with an initial public offering (the "IPO") of its
common shares in each of the Provinces of Ontario, British Columbia and
Alberta. D&D Securities Company is acting as lead agent of the IPO.
The exact number of common shares to be issued and the price per share
will be set at a later date, following marketing of the offering, with closing
anticipated to be in late September.
The Company has an option to purchase certain assets of the Lyle F.
Campbell Trust, which includes ownership of 19 property interests in Nevada
comprised of unpatented mining claim groups and deeded royalty interests (the
"Properties"). The Company plans to use the net proceeds of the IPO to, among
other things, pay the remaining unpaid portion of the purchase price for the
Properties. Closing of the IPO is conditional upon the Company simultaneously
closing the acquisition of the Properties.
This press release does not constitute an offer of securities for sale in
the United States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended, or the securities
laws of any state and may not be offered or sold in the United States, unless
an exemption from registration is available.
Certain statements contained herein constitute "forward-looking
statements". "Forward looking statements" look into the future and provide an
opinion as to the effect of certain events and trends on the business.
Forward-looking statements may include words such as "plans," "anticipates,"
"should," "estimates," "expects," "believes," "indicates," "targeting,"
"suggests," "potential" "interpretation" and similar expressions. These
forward-looking statements are based on current expectations and entail
various risks and uncertainties. The Company assumes no obligation to update
or revise any forward-looking statement, whether as a result of new
information, future events or any other reason.
For further information:
For further information: Gold Standard Royalty Corporation, John E.
Watson, Chief Executive Officer, Tel: (303) 674-9400, Fax: (303) 679-3018,