Attached files

file filename
EX-3.2 - EX-3.2 - GOLD RESOURCE CORPex-3d2.htm
EX-1.1 - EX-1.1 - GOLD RESOURCE CORPex-1d1.htm
8-K - 8-K - GOLD RESOURCE CORPf8-k.htm

 

Exhibit 5.1

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1401 Lawrence Street, Suite 2300, Denver, CO 80202      (303) 572-9300

April 3, 2018

Board of Directors

Gold Resource Corporation

2886 Carriage Manor Point

Colorado Springs, Colorado 80906

Gentlemen:

This firm has acted as counsel to Gold Resource Corporation, a Colorado corporation (the “Company”), in connection with the proposed public offering of up to $75 million in aggregate value of shares of the Company’s common stock, par value $0.001 per share (the “Shares”), all of which Shares may be offered and sold by the Company from time to time in accordance with the terms of the At The Market Offering Agreement, dated as of April 3, 2018 (the “Agreement”), between the Company and H.C. Wainwright & Co., LLC. The Shares are being offered pursuant to a prospectus supplement dated April 3, 2018, and the accompanying base prospectus dated January 26, 2017 (such documents, collectively, the “Prospectus”) that form part of the Company’s effective registration statement on Form S-3 (File No. 333-214960) (the “Registration Statement”). This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. §229.601(b)(5), in connection with the Registration Statement.

For purposes of this opinion letter, we have examined copies of such agreements, instruments, and documents as we have deemed an appropriate basis on which to render the opinion hereinafter expressed. In our examination of the aforesaid documents, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of all documents submitted to us, the authenticity of all original documents, and the conformity to authentic original documents of all documents submitted to us as copies (including telecopies). As to all matters of fact, we have relied on the representations and statements of fact made in the documents so reviewed, and we have not independently established the facts so relied upon. This opinion letter is given, and all statements herein are made, in the context of the foregoing.

This opinion letter is based as to matters of law solely on the Colorado Business Corporation Act, as amended. We express no opinion herein as to any other laws, statutes, ordinances, rules, or regulations.

Based upon, subject to, and limited by the foregoing, we are of the opinion that following (i) execution and delivery by the Company of the Agreement, (ii) authorization by the Company’s Board of Directors or a duly authorized pricing committee thereof, within the

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Board of Directors
Gold Resource Corporation
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limitations established by the Board of Directors and a duly authorized pricing committee thereof, and in each case made available to us, of the terms pursuant to which the Shares may be sold pursuant to the Agreement, (iii) issuance of the Shares pursuant to placement instructions under the Agreement, consistent with the terms authorized in the above-mentioned resolutions of the Board of Directors or a duly authorized pricing committee thereof, and (iv) receipt by the Company of the proceeds for the Shares sold pursuant to such terms and such placement instructions, the Shares will be validly issued, fully paid, and nonassessable.

This opinion letter has been prepared for use in connection with the filing by the Company of a Current Report on Form 8-K relating to the offer and sale of the Shares, which Form 8-K will be incorporated by reference into the Registration Statement and Prospectus, and speaks as of the date hereof. We assume no obligation to advise you of any changes in the foregoing subsequent to the delivery of this opinion letter.

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the above-described Form 8-K and to the reference to this firm under the caption “Legal Matters” in the Prospectus. In giving this consent, we do not thereby admit that we are an “expert” within the meaning of the Securities Act of 1933, as amended.

 

Very truly yours,

 

 

 

 

 

/s/ Polsinelli PC

 

POLSINELLI PC