Golden Arrow Applies to Extend Warrants and Grant Stock Options
Terminal City Club Tower, Suite 312 - 837 West Hastings Street
Vancouver, BC CANADA V6C 3N6 TSX Venture Exchange (TSX-V): GRG
Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 Frankfurt Stock Exchange (FSE): GAC
www.goldenarrowresources.com • [email protected] OTCQB Venture Market (OTCQB): GARWF
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NEWS RELEASE – January 10, 2018
Golden Arrow Applies to Extend Warrants and Grant Stock Options
Vancouver, BC / Newswire / January 10, 2018 / Golden Arrow Resources Corporation (TSX-V:
GRG, FSE: GAC, OTCQB: GARWF), “Golden Arrow” or the “Company”) announces that the
Company has made an application to the TSX Venture Exchange to extend the term of the
outstanding warrants as follows:
4,510,000 warrants that set to expire on January 28, 2018 to be extended to January 28,
2019. These warrants were originally issued on July 29, 2016 as part of the units issued
under a private placement completed by the Company in July 2016 and are also subject to
an accelerator (see text below).
The exercise price of the warrants will remain at $1.00. Each whole warrant, when exercised, will
be exchangeable for one common share of the Company.
The Warrant exercise period may be accelerated if the volume weighted average price (“VWAP”) for
the Company’s common shares on the Exchange is $1.40 or greater for a period of 10 consecutive
trading days, then the Company may deliver a notice (the "Notice") to the Warrant holder notifying
such Warrant holder that the Warrants must be exercised within 10 days from the date of delivery of
such Notice, otherwise the Warrants will expire at 4:30 p.m. (Vancouver time) on the 11 th day after
the date of delivery of the Notice.
The amendment is subject to the approval of the TSX Venture Exchange (“TSXV”).
Stock Option Grant
The Company also announces that it has granted 2,045,000 incentive stock options (the “Options”)
to directors, officers, employees and consultants of the Company. The Options are set for a period
of five years, expiring on January 9, 2023, and each Option will allow the holder to purchase a
common share of the Company at a price of $0.70. The Options are subject to a 4 month hold period
from the date of grant and TSXV approval.
About Golden Arrow:
Golden Arrow Resources is a Vancouver-based exploration company focused on creating value by
making precious and base metal discoveries and advancing them into exceptional deposits at its
more than 200,000 hectares of properties in Argentina. The Company’s pre-feasibility level
Chinchillas Silver-Lead-Zinc Project is moving towards production via a joint venture with Silver
Standard Resources Inc. Golden Arrow is now actively exploring the new Antofalla silver-gold-base
metal project, an exciting new exploration opportunity with similarities to Chinchillas.
News Release January 10, 2018
Golden Arrow Resources Corporation Page 2
ON BEHALF OF THE BOARD
“Joseph Grosso”
_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO
For further information, please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: [email protected]
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.