Gold Standard Ventures (OTCQX: GDVXF; TSX-V: GV) has adopted a shareholder rights plan agreement designed to encourage fair and equal treatment of all shareholders in connection with any takeover bid for the Company. The Plan is similar to rights plans adopted by other Canadian companies and approved by their shareholders and has not been adopted in response to any pending or threaten takeover bid for Gold Standard nor is Gold Standard is aware of any such effort. While the Plan is effective immediately, it is subject to ratification by the shareholders of the Company within six months of its adoption. Gold Standard intends to seek shareholder ratification of the Plan at its upcoming 2011 annual and special meeting scheduled for June 28, 2011.
The primary objective of the Plan is to provide the Board and shareholders with sufficient time to fully consider any takeover bid for the Company and provide the Board will more time to explore and, if appropriate, pursue other alternatives to maximize shareholder value. A summary of the principal terms of the Plan will be described in the management information circular to be sent to all shareholders prior to the 2011 AGM and a complete copy of the Plan has been filed on SEDAR and is available for viewing at www.sedar.com.