Leading Proxy Advisory Firm, ISS, Supports Golden Arrow Proposed Sale of Its 25% Interest in Puna Operations
Leading Proxy Advisory Firm, ISS, Supports Golden Arrow Proposed Sale
of Its 25% Interest in Puna Operations
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER
,
Sept. 3, 2019
/CNW/ -
Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), ("Golden Arrow" or the
"Company")
is pleased to announce that the leading independent proxy advisory firm that provides voting recommendations to investors, Institutional Shareholder
Services Inc. ("ISS"), has recommended that shareholders vote in favour of the sale of its 25% interest in Puna Operations Inc. ("
Puna Operations
") to its joint
venture partner SSR Mining Inc. ("
SSR Mining
") for aggregate consideration of
$44.4 million
(the "
Transaction
").
Recommendation to Shareholders of
Golden Arrow
ISS has recommended that shareholders of
Golden Arrow
vote in favour of a special resolution (the "
Golden Arrow Shareholders Resolution
") authorizing and
approving a Transaction whereby, SSR Mining will purchase
Golden Arrow's
25% interest in Puna Operations.
ISS noted "
The proposed sale agreement offers to the company's shareholders certainty of value from the cash consideration of the offer. This enables the
company to realize value for some of the assets and provide the company with funding as it focuses on its other assets in
South America
"
YOUR VOTE IS IMPORTANT - PLEASE VOTE TODAY
The Board of Directors UNANIMOUSLY recommends that Shareholders vote
FOR
the Golden Arrow Shareholders Resolution.
Submit your vote well in advance of the proxy deposit deadline of
10:00 a.m.
(
Vancouver
time) on
Thursday, September 12, 2019
Registered Shareholders
Registered shareholders may attend the Meeting and vote in person or by proxy using any of the following methods:
Internet
–
www.investorvote.com
Telephone
– 1-866-732-8683
Facsimile
– (416) 263-9524 or 1-866-249-7775
– Computershare Investor Services Inc. (Attn: Proxy Department) at 100 University Avenue, 8th Floor,
Toronto, Ontario, Canada
, M5J 2Y1
Beneficial Shareholders
Shareholders who hold shares of
Golden Arrow
through a broker, bank or other intermediary will have different voting instructions and should carefully follow the
voting instructions provided to them, including with respect to voting online at
www.proxyvote.com
.
Shareholder Questions and Voting Assistance
Laurel Hill Advisory Group
North American Toll-Free: 1-877-452-7148
Collect Call Outside North America: +1-416-304-0211
Email:
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
owns a 25% share of Puna Operations Inc., a joint
venture operated by SSR Mining.
Golden Arrow
is actively exploring a new portfolio of advanced projects in
Chile
, as well as its new district-scale Tierra Dorada
project in
Paraguay
and other targets within its portfolio of 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.
For more information, please view details related to the Transaction at
www.goldenarrowresources.com/special-transaction
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.
This news release 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.
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SOURCE
Golden Arrow Resources Corporation
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CO: Golden Arrow Resources Corporation
CNW 18:56e 03-SEP-19