Golden Arrow Closes Private Placement

NEWS RELEASE.

May 3, 2013: Vancouver, B.C. – Golden Arrow Resources Corp. (Stock Profile – TSXV:GRG) has received approval from the TSX Venture Exchange to complete the loan to Carlos Fernandez Mazzi, the company’s president and chief executive officer, to provide sufficient funds for Mr. Fernandez to purchase 750,000 units of Golden Arrow, pursuant to a private placement, at the price of 30 cents per unit.

Each unit consists of one common share of Golden Arrow and one non-transferable share purchase warrant. Each whole warrant will entitle Mr. Fernandez to purchase one additional common share of Golden Arrow for a period of 24 months at the price of 37 cents per common share. All securities issued are subject to a minimum four-month hold period pursuant to Canadian securities laws. The loan is non-interest bearing unless there is a default in repayment, and will be secured by a first-priority charge and security interest over the units acquired by Mr. Fernandez.

To learn more about Golden Arrow Resources – CLICK HERE.

CompanyFeed™

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Lincoln Minerals Limited LML.AX +125.00%
 Golden Cross Resources Ltd. GCR.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Astro Resources NL ARO.AX +25.00%
 Athena Resources Ltd. AHN.AX +22.22%
 Adavale Resources Limited ADD.AX +22.22%
 Azimut Exploration Inc. AZM.V +21.98%
 New Stratus Energy Inc. NSE.V +21.05%
 Dynasty Gold Corp. DYG.V +18.42%
 Azincourt Energy Corp. AAZ.V +18.18%

Download the latest Solaris Resources (SLSSF) Investor Kit

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

MiningFeeds will use the information you provide on this form to be in touch with you and to provide updates and marketing.