Gold Standard Ventures Corp. Announces Strategic Investment in Battle Mountain Gold Inc.7:16AM ET on Wednesday Apr 20, 2016 by Marketwire

Gold Standard Ventures Corp. (TSX VENTURE: GSV)(NYSE MKT: GSV) ("Gold Standard" or the "Company") is pleased to announce that it has entered into an agreement with Battle Mountain Gold Inc. (TSX VENTURE: BMG) ("Battle Mountain") to purchase, by way of private placement, up to 10,232,933 Units at a price of CDN$0.35 per Unit for a total price of up to $3,581,526.55. Upon closing, it is anticipated that Gold Standard will own approximately 19.9 per cent of Battle Mountain's issued and outstanding common shares on an undiluted basis.

Each Unit will consist of one common share and one-half (1/2) of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant will entitle Gold Standard to purchase one additional common share at a price of CDN$0.37 for two years from the date of issue, subject to certain additional limitations as provided below. The net proceeds of the private placement will be used to further explore Battle Mountain's Lewis Gold Project in the Battle Mountain trend of Nevada, and for general corporate and working capital purposes.

Jonathan Awde, President, Chief Executive Officer and director of Gold Standard, commented: "We view this investment by Gold Standard into Battle Mountain as being both strategic and district scale. Our investment highlights the quality and potential of the Battle Mountain Lewis Gold Project."

Provided that Gold Standard holds no less than 7.5 per cent of the then-issued and outstanding common shares of Battle Mountain, Gold Standard will also have the following rights;

--  the right to appoint one nominee to the board of directors of Battle
    Mountain;
--  the right to appoint two members to a technical committee of Battle
    Mountain to be formed following closing of the Private Placement;
--  anti-dilution rights allowing it to maintain its equity ownership
    interest in Battle Mountain, and the right to participate in any future
    equity financings of Battle Mountain so as to maintain a 19.9% ownership
    position in Battle Mountain; and
--  a 30 day right of first offer if Battle Mountain wishes to enter into a
    joint venture or sale transaction involving its interests in the Lewis
    Gold Project.

In addition, Battle Mountain has agreed not to issue any common shares at a price of less than $0.35 per share for a period of six months following the closing of the private placement.

Pursuant to the terms of the Warrants, Gold Standard will be prohibited from exercising the Warrants until the approval of the TSX Venture Exchange is received for Gold Standard to become a new control person of Battle Mountain, including receipt of the required approval from the Battle Mountain shareholders.

Gold Standard has agreed to vote its shares of Battle Mountain in accordance with the recommendations of Battle Mountain's board of directors for a period of 18 months after closing and give Battle Mountain prior notice of any sales of shares exceeding 2% of Battle Mountain's then issued and outstanding shares in any 15 day period for so long as Gold Standard owns not less than 9.9% of Battle Mountain's issued and outstanding shares.

Closing of the private placement is targeted to occur on or about Friday, April 29, 2016, and is subject to the approval of the TSX Venture Exchange. If the Closing has not occurred on or before May 10, 2016, either party may terminate the private placement.