April 16, 2013: Vancouver, B.C. – Golden Arrow Resources Corp. (Stock Profile – TSXV:GRG) Golden Arrow Resources Corp. will loan to Carlos Fernandez Mazzi, president and chief executive officer, 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 will consist 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. The loan will be 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. This loan and private placement are subject to acceptance for filing by the TSX Venture Exchange. The company’s recent share buyback of 13.44 million shares has reduced the outstanding number of shares and limited the stock option pool available to serve as a long-term incentive. As the company’s healthy treasury precludes any financings at this time, this transaction has been structured primarily for this purpose.
Golden Arrow also announces that it has retained Zoppa Media Group to act as an investor relations consultant to the company, to assist with corporate finance and investor relations programs. Zoppa Media Group has been engaged for a term of one year at a monthly fee of $4,000. Except for the investor relations services agreement, Zoppa Media does not have any interest, directly or indirectly, in the company or its securities. Zoppa Media’s appointment as an investor relations consultant to Golden Arrow is subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.
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