TSX Venture Exchange (TSX-V): GRG
Frankfurt
Stock Exchange (FSE): G6A
OTCQB Venture Market
(OTCQB): GARWF
VANCOUVER, June 18, 2019 /CNW/ - Golden Arrow Resources
Corporation (TSX-V: GRG, FSE: G6A, OTCQB:
GARWF), ("Golden
Arrow" or the "Company") is pleased to announce a
non-brokered private placement financing of up to 3,750,000 units
at a price of $0.20 per unit for
gross proceeds of $750,000.
Each unit will consist of one common share and one transferrable
common share purchase warrant. Each warrant will entitle the holder
thereof to purchase one additional common share in the capital of
the Company at $0.30 per share for
three years from the date of issue.
This financing is subject to regulatory approval and all
securities to be issued pursuant to the financing are subject to a
four-month hold period under applicable Canadian securities laws.
Directors, officers and employees of the Company may participate in
a portion of the financing. A commission may be paid on a portion
of the financing. The proceeds of the financing will be used for
general working capital.
About Golden Arrow:
Golden Arrow Resources Corporation is an exploration company
earning production income. The Company has a successful track
record of creating value by making precious and base metal
discoveries and advancing them into exceptional deposits.
Golden Arrow owns a 25% share of
Puna Operations Inc., a joint venture operated by SSR Mining, with
more than 8 years of forecast production and upside potential at
the Chinchillas Silver Mine. Golden Arrow is actively exploring a new
portfolio of advanced projects in Chile, as well as other targets within its
portfolio of more than 200,000 hectares of properties in
Argentina. The Company is a member of the Grosso Group, a
resource management group that has pioneered exploration in
Argentina since 1993.
ON BEHALF OF THE BOARD
"Joseph Grosso"
_______________________________
Joseph Grosso,
Executive Chairman, President and CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking
statements. Forward-looking statements address future events
and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Readers are encouraged to
refer to the Company's public disclosure documents for a more
detailed discussion of factors that may impact expected future
results. The Company undertakes no obligation to publicly update or
revise any forward-looking statements.
The securities being offered have not been, nor will they be
registered under the United States Securities Act of 1933, as
amended, or state securities laws and may not be offered or sold
within the United States or to, or
for the account or benefit of, U.S. persons absent U.S. federal and
state registration or an applicable exemption from the U.S.
registration requirements. This release does not constitute an
offer for sale of securities in the
United States.
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SOURCE Golden Arrow Resources Corporation