Gold Standard Mining Corp. (OTCBB: GSTP) announced that it has entered into a securities purchase agreement for a private placement of convertible promissory note for gross proceeds of $108,500 on April 17, 2017. The transaction included participation from accredited investor, Carebourn Capital, L.P. The note carries a fixed interest rate of 12% per annum with a default rate of 22%, and is due on April 17, 2018. The note was issued at a discount of $27,075. The note is convertible into common shares of the company at the option of the holder at a conversion price is equal to 50% of the average of the lowest three trading prices of the company’s common shares. The company has the option to prepay the unpaid principal and interest with at least 20 trading days’ notice at any time prior to the 180th day after the issuance date by paying 130% of the principal amount of the note together with accrued interest thereon, and any time after the 180th day after the issuance date and prior to the 364th day after issuance, by paying 150% of the principal amount of the note together with accrued interest thereon. The securities were issued pursuant to exemption provided under regulation D. The company paid $8,500 of the investor’s expenses and attorney fees, and received net proceeds of $100,000.