TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF
VANCOUVER, Dec. 12, 2019 /CNW/ - Golden Arrow Resources
Corporation (TSX-V: GRG, FSE: G6A; OTC: GARWF), ("Golden Arrow" or
the "Company") is pleased to announce that it has retained
Michael Baybak and Company, Inc.
("Baybak") to provide financial relations, media relations
and market development consulting services to the Company. Baybak
has been engaged for a term of six months at a monthly fee of
US$8,000 for the first two months and
US$6,000 for the following months. In
addition, the Company will grant 100,000 stock options (the
"Options") to purchase common shares of the Company at an
exercise price to be determined at the time of grant. The Options
will vest 25 percent per quarter and will be exercisable until the
earlier of two years from the date of grant and 90 days following
termination of services under the agreement. Baybak's appointment
as an investor relations consultant to Golden Arrow as well as the grant of Options are
subject to regulatory approval.
Baybak is at arm's length to the Company. Principals of Baybak
currently own 834,133 shares of the Company as of the date hereof
and may purchase securities in the Company from time to time for
investment purposes.
About Golden Arrow:
Golden Arrow Resources Corporation is a mining exploration
company with a successful track record of creating value by making
precious and base metal discoveries and advancing them into
exceptional deposits. The Company is well-leveraged to the price of
gold, having recently monetized its Chinchillas silver discovery
into a significant holding in precious metals producer SSR Mining
Inc.
Golden Arrow is actively
exploring a portfolio that includes advanced projects in
Chile, a district-scale frontier
opportunity in Paraguay, and more
than 185,000 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"
_______________________________
Mr. 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.
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SOURCE Golden Arrow Resources Corporation