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Golden Arrow Closes Oversubscribed Final Tranche of the Private Placement
Golden Arrow Closes Oversubscribed Final Tranche of the Private Placement Canada N...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\n\n\n\nGolden Arrow Closes Oversubscribed Final Tranche of the Private Placement\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 22, 2019\n\n\n\nVenture Exchange (TSX-V):  GRGFrankfurt Stock Exchange (FSE):  G6AOTCQB Venture Market (OTCQB): GARWF\n VANCOUVER, March 22, 2019 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), (\"Golden Arrow\" or the \"Company\") is pleased to announce it has closed the final tranche of a non-brokered private placement (the \"Private Placement\") through the issuance of 3,462,034 units (\"Units\") at a subscription price of $0.30 per Unit for aggregate gross proceeds to the Company of $1,038,610. In total, the Company issued 15,804,012 Units for aggregate gross proceeds of $4,741,203 in this Private Placement.\n\n \n \n\n \nEach Unit will consist of one common share and one transferrable common share purchase warrant (\"Warrant\"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.40 per share for two years from the date of issue. \nFinder's fees of $6,650.70 are payable in cash on a portion of the private placement to parties at arm's length to the Company.  In addition, 22,169 non-transferable finder's warrants are being issued (the \"Finder's Warrants\"). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.40 per share for two years from the date of issue, expiring on July 21, 2019.  In total for this Private Placement, Finder's fees of $60,090.73 were paid and 196,302 Finder Warrants were issued.  \nThe proceeds of the financing will be used for general working capital.\nAn insider of the Company participated in the final tranche of the Private Placement for $10,500 in Units. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"), but the transaction is exempt from the formal valuation and minority shareholder approva...