Golden Arrow Applies to Extend Warrants and Grants Stock Options
Golden Arrow Applies to Extend Warrants and Grants
Stock Options
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER, BC
,
Jan. 20, 2021
/CNW/ -
Golden Arrow Resources Corporation
(TSXV: GRG) (FSE: G6A) (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 15,804,012 outstanding warrants as follows:
11,051,611 warrants that are set to expire on
February 25, 2021
, 1,290,367 warrants that are set to expire on
March 5,
2021
and 3,462,034 warrants that are set to expire on
March 21, 2021
to be extended to
February 25, 2023
,
March 5,
2023
and
March 21, 2023
respectively. These warrants were originally issued as part of the units under a single private
placement completed by the Company in 3 tranches on
February 25, 2019
,
March 5, 2019
and
March 21, 2019
respectively.
The exercise price of the warrants will remain at
$0.40
. Each whole warrant, when exercised, will be exchangeable for one
common share of the Company.
The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").
Stock Option Grant
The Company also announces that it has granted 4,655,000 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 19, 2026
, and
each Option will allow the holder to purchase a common share of the Company at a price of
$0.25
. The Options are subject to
a 4 month hold period from the date of grant and TSXV approval.
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 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 a new epithermal gold project in
Argentina
, a district–scale frontier
gold opportunity in
Paraguay
, a base-metal project in the heart of a leading mining district in
Chile
and more than
180,000 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
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%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 09:30e 20-JAN-21