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Golden Arrow Announces Initial Closing of Option on Mogote Project and Private Placement
Golden Arrow Announces Initial Closing of Option on Mogote Project and Private Placement ...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\n\n\n\n Golden Arrow Announces Initial Closing of Option on Mogote Project and Private Placement\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n TSX Venture Exchange (TSX-V):\n \n GRG\n \n\n Frankfurt Stock Exchange (FSE):\n \n G6A\n \n\n\n OTCQB Venture Market (OTCQB):\n \n\n\n GARWF\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 26, 2025\n \n\n /CNW/ -\n \n Golden Arrow Resources Corporation\n \n (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), (\"\n \n\n Golden Arrow\n \n\n \" or the \"\n \n Company\n \n \") is pleased to announce that the Company and Mogotes Metals Inc. (\"\n \n Mogotes Metals\n \n \") have completed the initial closing (the \"\n \n Initial Closing\n \n \") of the previously announced option (the \"\n \n Option\n \n \") on the Mogote Copper-Gold Project, in San Juan Province,\n \n Argentina\n \n (the \"\n \n Project\n \n \"). Upon exercising the Option, Mogotes Metals will acquire a 100% interest in the Project.\n \n\n\n\n\n\n\n\n\n At the Initial Closing,\n \n\n\n Mogotes Metals paid\n \n $550,000\n \n in cash to the Company;\n \n\n Mogotes Metals purchased 9,000,000 units of the Company (each, a \"\n \n Unit\n \n \") by way of a private placement (the \"\n \n Private Placement\n \n \"), at a price of\n \n $0.05\n \n per Unit, with each Unit consisting of one common share of the Company (each, a \"\n \n Share\n \n \") and one warrant of the Company (each, a \"\n \n Warrant\n \n \") for gross proceeds of\n \n $450,000\n \n . Each Warrant will entitle the holder to purchase one Share (each, a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n $0.08\n \n per Warrant Share for a period of three years from the date of issuance; and\n \n\n Mogotes Metals issued 10,714,285 common shares of Mogotes Metals (each, a \"\n \n Mogotes Share\n \n \") to the Company.\n \n\n\n The Company will use the proceeds of the Private Placement for general working capital purposes.\n \n\n To acquire a 100% interest in the Project, Mogotes Metals must issue additional Mogotes Shares (the \"\n ...