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