FCMI Parent Acquires Gold Standard Ventures Shares, Gold Standard Up 1.6%

By Midnight Trader,  June 29, 2012, 11:09:58 AM EDT

FCMI Parent Co. has acquired 1,150,000 common shares of Gold Standard Ventures Corp (GSV.V) at US$2.00 per common share, representing 1.41% of the total issued and outstanding shares of Gold Standard. This follows the completion of a recent public offering by Gold Standard.

This acquisition, along with additional acquisitions of common shares by FCMI, 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.

Close to 115,000 shares have been traded so far.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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