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Golden Arrow Closes Non-Brokered Private Placement
Golden Arrow Closes Non-Brokered Private Placement Canada NewsWire /NOT FOR D...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\n \n \n \n Golden Arrow Closes Non-Brokered 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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 15, 2024\n \n \n /CNW/ -\n \n Golden Arrow Resources Corporation\n \n (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF)\n \n , (\"Golden Arrow\"\n \n or the\n \n \"Company\")\n \n is pleased to announce it has closed the non-brokered private placement financing, as announced on\n \n January 19, 2024\n \n and increased on  February 6, 2024, through the issuance of 1,000,000 units at a subscription price of\n \n $0.05\n \n per unit (a \"\n \n Unit\n \n \" or \"\n \n Units\"\n \n ) in this 2\n \n nd\n \n and final tranche (the \"Final Tranche\") for aggregate gross proceeds to the Company of\n \n $50,000\n \n . In total, the Company has closed on 17,890,000 Units for aggregate gross proceeds of\n \n $894,500\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share and one transferrable common share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at\n \n $0.10\n \n per share for three (3) years from the date of issue expiring on\n \n March 15, 2027\n \n .\n \n \n In total, Finder's fees of\n \n $23,940\n \n were paid in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 478,800 non-transferable finder's warrants were issued (the \"\n \n Finder's\n \n \n Warrants\n \n \").  Each Finder's Warrant entitling a finder to purchase one common share at a price of\n \n $0.10\n \n per share for three (3) years from the date of issue, expiring on\n \n March 15, 2027\n \n .\n \n \n Certain insiders of the Company participated in the Private Placement for\n \n $62,500\n \n in Units. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security H...