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Golden Arrow Announces Normal Course Issuer Bid
Golden Arrow Announces Normal Course Issuer Bid Canada NewsWire VANCOUVER, March...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\n\n\n\nGolden Arrow Announces Normal Course Issuer Bid\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 12, 2020\n\n\n\nTSX Venture Exchange (TSX-V):  GRG Frankfurt Stock Exchange (FSE):  G6A OTCQB Venture Market (OTCQB): GARWF \n VANCOUVER, March 12, 2020 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), (\"Golden Arrow\" or the \"Company\") has received approval from the TSX Venture Exchange (the \"Exchange\") to commence a normal course issuer bid (the \"Bid\") to purchase up to 10,658,050 of its common shares (\"Shares\"), being equal to 10% of the Public Float (as defined in the policies of the Exchange) as at March 6, 2020. Pursuant to the policies of the Exchange, the Bid will commence on March 17, 2020 and will end on the earlier of March 16, 2021, or at such time as the Bid has been completed or the Bid is terminated at the Company's discretion.  \n\n \n \n \n \n \n \n\n \nThe board of directors of the Company are of the opinion that the recent market prices of its Shares do not reflect the underlying value of its property portfolio and its strong financial position. Accordingly, the purchase of Shares through the Bid is in the best interests of the Company and its shareholders, as it will increase the proportionate share interest of remaining shareholders. The Bid will afford an increased degree of liquidity to the Company's shareholders. The directors also believe that there will be long term benefits to the Company with fewer Shares issued and outstanding.\nAll Shares purchased pursuant to the Bid will be made on the open market through the facilities of the Exchange by PI Financial Corp. on behalf of the Company, and the purchase and payment for the acquired Shares will be made by the Company in accordance with the requirements of the Exchange. \nTo the knowledge of the Company, no director, senior officer, or other insider of the Company, or any associate of such person, or any associate or affiliate of the Company, currently intends to sell any Shares into the Bid. ...