Golden Arrow Announces Non-Brokered Private Placement
Golden Arrow Announces Non-Brokered
Private Placement
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
/
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER, BC
,
Sept. 13, 2023
/CNW/ -
Golden Arrow Resources Corporation
(TSXV: GRG)
(FSE: G6A) (OTCQB: GARWF),
("Golden Arrow"
or the
"Company")
is pleased to announce a
non-brokered private placement financing of up to 21,500,000 units at a price of
$0.07
per unit (the
"
Units
") for gross proceeds of
$1,505,000
.
Each Unit will consist of one common share and one transferrable common share purchase warrant
(a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share
in the capital of the Company at
$0.15
per share for three (3) 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 and exploration on all its properties.
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.
Golden Arrow
is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-
gold-cobalt project in
Chile
, and a portfolio that includes nearly 125,000 hectares of prospective
properties in
Argentina
.
The 100%-held San Pietro Project covers nearly 18,500 hectares, approximately 100 kilometres
north of Copiapo in the centre of a potential new copper-cobalt region within an active mining district
that is home to all the major iron oxide-copper-gold ("IOCG") deposits in
Chile
. San Pietro hosts
multiple targets with strong IOCG+cobalt mineralization, and the Company is working to delineate its
first mineral resource for the project in 2024.
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.
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
.
This news release may contain forward-looking statements. Forward-looking statements address
future events and conditions and therefore involve inherent risks and uncertainties. All statements,
other than statements of historical fact, that address activities, events or developments the
Company believes, expects or anticipates will or may occur in the future, including, without
limitation, statements about the Company's plans for its mineral properties; the Company's
business strategy, plans and outlooks; the future financial or operating performance of the
Company; and future exploration and operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the
actual results of the Company to differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or substantially realized, there can be no
assurance that they will have the expected consequences to, or effects on, the Company. Factors
that could cause actual results or events to differ materially from current expectations include,
among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain,
amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties
in connection with mining activities; and the possibility that future exploration, development or
mining results will not be consistent with the Company's expectations.
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, unless required pursuant to applicable laws.
SOURCE
Golden Arrow Resources Corporation
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For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-
0058, Email: [email protected]
CO: Golden Arrow Resources Corporation
CNW 07:00e 13-SEP-23