Gold Standard Ventures has announced a non-brokered private placement of up to 12,036,436 common shares at a price of C$3.17 ($2.40) each to raise C$38m ($28.5m).
Goldcorp has agreed to purchase 4,731,862 common shares for gross proceeds of C$15m ($11.38m), which will give it ownership of approximately 10.6% of Gold Standard’s issued and outstanding share capital.
The transaction is expected to close today.
Gold Standard intends to use the proceeds for additional exploration activities on its flagship Pinion-Railroad Gold Project in Nevada, Canada, for the acquisition of additional royalty interests on the project, purchase of land claims in close proximity to the project, and general working capital purposes.
Inca Minerals has announced the private placement of 80 million shares priced at A$40.011 ($0.008) each to raise A$880,000 ($660,000).
Proceeds from the transaction will be used for exploration activities at Inca zinc focused Riqueza Project in Peru and for general working purposes.
Miramount Capital has reached an agreement with to acquire ALX Uranium's 100% stake in the Midas Gold Property, in exchange for C$200,000 ($140,000) in cash and issuance of one million common shares to ALX at a price of approximately C$0.05 ($0.03) a share.