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Goldcorp, OceanaGold further back Gold Standard

Gold Standard Ventures (TSX: GSV) says major shareholders Goldcorp and OceanaGold will take part in a placement designed to raise up to C$10.5 million (US$8.1 million) for exploration and early-stage development at its flagship Railroad-Pinion gold project in Nevada.

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Shareholders to take part in C$10.5m placement

Goldcorp said it would acquire 2.9 million of the 5.1 million shares on offer at $2.05, taking its stake to about 13.6%.

OceanaGold would acquire 975,609 shares lifting its interest to about 15.6%.