Golden Arrow Applies to Extend Warrants
Golden Arrow Applies to Extend Warrants
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER, BC
,
Feb. 10, 2023
/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, 2023
, 1,290,367 warrants that are
set to expire on
March 5, 2023
and 3,462,034 warrants that are set to expire on
March 21, 2023
to be extended to
February 25, 2024
,
March 5, 2024
and
March 21, 2024
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. None of the warrants have been exercised.
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").
New Stock Option Plan and Equity Incentive Plan
On
August 12, 2022
, the Company adopted a 10% rolling stock option plan (the "Stock Option Plan")
and a restricted share unit, performance share unit and deferred share unit plan (the "Equity Incentive
Plan"). The number of common shares of the Company reserved for issuance under the Stock Option
Plan cannot exceed 10% of the number of common shares of the Company that are outstanding on
each applicable grant date, and 11,516,723 common shares of the Company are reserved for
issuance under the Equity Incentive Plan.
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 the advanced San Pietro Cu-Au-Co project in
Chile
, and a portfolio
that includes more than 180,000 hectares of prospective 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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http://www.newswire.ca/en/releases/archive/February2023/10/c4137.html
%SEDAR: 00042897E
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 10-FEB-23