Golden Arrow Announces Increase in Non-Brokered Private Placement
Golden Arrow Announces Increase in Non-Brokered Private
Placement
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER
,
Feb. 21, 2019
/CNW/ -
Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB:
GARWF),
("
Golden Arrow
" or the "
Company
") is pleased to announce that due to strong demand in its previously announced
non-brokered private placement financing of units ("
Units
"), the Company has increased the Unit offering to up to
C$3.6 million
in
aggregate gross proceeds. All other terms of the financing will remain the same.
As disclosed in the Company's news release of
February 12, 2019
, the Units will be sold at a price of
$0.30
per Unit. 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
$0.40
per share for two 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 Pirquitas -Chinchillas silver mining project.
Golden Arrow
is actively exploring on
its 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
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/February2019/21/c9220.html
%SEDAR: 00042897E
For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email:
CO: Golden Arrow Resources Corporation
CNW 18:20e 21-FEB-19