Golden Arrow Closes a 3rd and Final Tranche of the Non-Brokered Private Placement
Golden Arrow Closes a 3rd and Final Tranche
of the Non-Brokered Private Placement
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
/
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
www.goldenarrowresources.com
•
VANCOUVER, BC
,
Dec. 24, 2024
/CNW/ -
Golden Arrow Resources Corporation
(TSXV: GRG)
(FSE: G6A) (OTCQB: GARWF)
, ("Golden Arrow"
or the
"Company")
is pleased to announce it
has closed the non-brokered private placement offering (the "
Offering
") as announced on
November
12, 2024
and increased on
December 2, 2024
, through the issuance of 5,000,000 units at a
subscription price of
$0.05
per unit (a "
Unit
" or "
Units"
) in this 3
rd
and final tranche (the "
Final
Tranche
") for aggregate gross proceeds to the Company of
$250,000
. In total, the Company has
closed on 15,650,000 Units for aggregate gross proceeds of
$782,500
.
Each Unit consists of one common share and one warrant (a "
Warrant
"). Each Warrant will entitle
the holder thereof to purchase one additional common share in the capital of the Company at
$0.08
per share for three years from the date of issue, expiring on
December 24, 2027
for this Final
Tranche.
In total, finder's fees of
$22,750
are payable in cash on a portion of the private placement to parties
at arm's length to the Company. In addition, 455,000 non-transferable finder's warrants are issuable
(the "
Finder's
Warrants
"). Each Finder's Warrant entitles a finder to purchase one common share
at a price of
$0.05
per share for three years from the date of issue, expiring on
December 24, 2027
for this Final Tranche.
No insiders participated in this Final Tranche.
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 Offering will provide funds for general working capital.
This Offering is subject to regulatory approval and all securities to be issued pursuant to the Offering
are subject to a four-month hold period under applicable Canadian securities laws expiring on
April
24, 2025
for this Final Tranche.
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 2025.
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
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/December2024/24/c3960.html
%SEDAR: 00042897E
For further information:
For further information, please contact: Corporate Communications, Tel:
1-604-687-1828, Toll-Free: 1-800-901-0058, Email: [email protected]
CO: Golden Arrow Resources Corporation
CNW 07:00e 24-DEC-24