Golden Arrow Engages Michael Baybak and Company, Inc. for Financial Market Consulting Services
Golden Arrow Engages Michael Baybak and Company, Inc. for Financial
Market Consulting Services
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER
,
Dec. 12, 2019
/CNW/ -
Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A; OTC: GARWF), ("Golden Arrow" or the
"Company")
is pleased to announce that it has retained
Michael Baybak
and Company, Inc. ("
Baybak
") to provide financial relations, media relations and
market development consulting services to the Company. Baybak has been engaged for a term of six months at a monthly fee of
US$8,000
for the first two
months and
US$6,000
for the following months. In addition, the Company will grant 100,000 stock options (the "
Options
") to purchase common shares of
the Company at an exercise price to be determined at the time of grant. The Options will vest 25 percent per quarter and will be exercisable until the earlier
of two years from the date of grant and 90 days following termination of services under the agreement. Baybak's appointment as an investor relations
consultant to
Golden Arrow
as well as the grant of Options are subject to regulatory approval.
Baybak is at arm's length to the Company. Principals of Baybak currently own 834,133 shares of the Company as of the date hereof and may purchase
securities in the Company from time to time for investment purposes.
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 recently 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 advanced projects in
Chile
, a district-scale frontier opportunity in
Paraguay
, and more than
185,000 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.
View original content to download multimedia:
http://www.prnewswire.com/news-releases/golden-arrow-engages-michael-baybak-and-company-inc-for-financial-market-consulting-services-300973736.html
SOURCE
Golden Arrow Resources Corporation
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/December2019/12/c2962.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 09:30e 12-DEC-19