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):
G
RG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER, BC
,
Jan. 19, 2024
/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 12,000,000 units at a price of
$0.05
per unit (the
"
Units
") for gross proceeds of
$600,000
.
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
$0.10
per share for three (3) years from the date of issue.
"We anticipate strong news flow for the Company this year, with our fully funded detailed
exploration and resource delineation drill program starting this quarter at our advanced San Pietro
project. This will be further bolstered by the prospect of news from our joint-venture partners on our
Mogote and Caballos projects."
stated
Joseph Grosso
, Chairman, CEO and President of
Golden
Arrow
.
The Company's flagship San Pietro IOCG Project in
Chile
is funded to support a resource
delineation program through the recently announced option agreement (see News Release dated
January 12, 2024
). The proceeds of this financing will provide funds for other early-stage exploration
work in
Argentina
as well as the necessary funds for general working capital.
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 its properties in
Argentina
.
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
.
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 17:19e 19-JAN-24