Golden Arrow Cancels Financing
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): G6A
www.goldenarrowresources.com • [email protected] OTCQB Venture Market (OTCQB): GARWF
_______________________________________________________________________________________________
NEWS RELEASE – OCTOBER 22, 2018
Golden Arrow Cancels Financing
Vancouver, BC / Globe Newswire / October 22, 2018 / Golden Arrow Resources Corporation (TSX -V:
GRG, FSE: GAC, OTCQB: GARWF ), “Golden Arrow” or the “Company” announces that further to the
private placement announced on September 21, 2018, the Company has decided at this time not to proceed
with the financing due to the current adverse mining market conditions.
Golden Arrow currently has the financial resources in place to execute the Company’s capex funding
requirements for Puna Operations Inc. and other near term objectives. The Company would like to thank the
investors that had expressed an interest in this financing.
About Golden Arrow:
Golden Arrow Resources Corporation is an exploration company earning production income. The Company
has a successful track record of creating value by making precious and base metal discoveries and advancing
them into exceptional deposits. Golden Arrow ow ns a 25% share of Puna Operations Inc., a joint venture
operated by SSR Mining, with more than 8 years of forecast production and upside potential at the Pirquitas -
Chinchillas silver mining project. Golden Arrow is actively exploring on its more than 2 00,000 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
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.
This news releas e may contain forward -looking statements. Forward -looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. 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.