Business
Golden Arrow Reports Issuance of Shares for Services
(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / August 1...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"Golden Arrow Reports Issuance of Shares for Services(via Thenewswire.ca)\n \n \nVancouver, BC / TNW-ACCESSWIRE / August 19, 2014 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), \"Golden Arrow\" or the \"Company\") is pleased to announce that the Company has obtained TSX Venture Exchange approval to issue 336,134 of the Company's common shares, at a deemed price of US$2.38 per share, as payment for completion for certain drilling services pursuant to the terms of a shares for services agreement (the \"Agreement\") (see News Release dated March 10, 2014). \n\n\n \nUp to 15,000 meters (or up to US$3,000,000) of the previously announced 25,000 meter (82,000 feet) drilling program currently underway on the Chinchillas Silver Project, shall be paid for by issuing up to a total of 1,260,504 common shares of the Company, at a deemed price of US$2.38 per share. The issued shares will be escrowed pursuant to the terms of a voluntary escrow agreement, and will be released upon the earlier of the date of completion of the drilling services or the expiry of three years following the date of the Agreement. All common shares issued in connection with this payment will be subject to a four month hold period ending December 16, 2014.\n\n \n \nAbout Golden Arrow:\n\n\n \nGolden Arrow is a Vancouver-based explorer focused on identifying, acquiring and advancing precious and base metal projects in Argentina with the goal of achieving a world class discovery. The main focus is on advancing the flagship Chinchillas Silver Project located in Jujuy, Argentina. Golden Arrow will continue to execute its strategy to leverage the Company's exploration exposure by attracting partners to fund work on its other high quality mineral projects. Golden Arrow is a member of Grosso Group, a management company specialized in resource exploration, and working in Argentina where it is highly regarded and trusted since 1993. \n\n\n \nON BEHALF OF THE BOARD\n\n\n \n\"Joseph Grosso\" \n\n\n \n_______________________________\n\n\n \nMr. Joseph Grosso \nExecutive Chairman, President, CEO and Director\n\n\n \nFor further information please contact: Corporate Communications\nTel: 1-604-687-1828 / Toll-Free: 1-800-901-0058 / Email: [email protected] \n\n\n \n\n\n \n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as t...