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Golden Arrow Resources Corporation Announces the Filing of Management Information Circular Seeking Shareholder Approval for the Sale of its 25% Ownership Interest in Puna Operations
Golden Arrow Resources Corporation Announces the Filing of Management Information Circular...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\n\n\n\nGolden Arrow Resources Corporation Announces the Filing of Management Information Circular Seeking Shareholder Approval for the Sale of its 25% Ownership Interest in Puna Operations\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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Aug. 16, 2019\n\n\n\nTSX Venture Exchange (TSX-V):  GRG Frankfurt Stock Exchange (FSE):  G6A OTCQB Venture Market (OTCQB): GARWF\n VANCOUVER, Aug. 16, 2019 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), (\"Golden Arrow\" or the \"Company\") is pleased to announce the filing of its notice of meeting and management information circular (the \"Circular\") and related proxy materials for the special shareholders' meeting (the \"Meeting\") to be held on September 16, 2019 in connection with the previously announced sale of its 25% interest in Puna Operations Inc. (\"Puna Operations\") to its joint venture partner SSR Mining Inc. (\"SSR Mining\") for aggregate consideration of $44.4 million (the \"Transaction\"). All dollar amounts are in Canadian Dollars unless otherwise noted.\n\n \n \n\n \nThe Circular and related materials, which provide detailed information regarding the Transaction are being disseminated to shareholders this week. Copies are also available electronically from Golden Arrow's website at www.goldenarrowresources.com and on SEDAR under Golden Arrow's issuer profile at www.sedar.com, or on request from the Company or its proxy solicitation agent, Laurel Hill Advisory Group, for whom contact information is provided below.\nTransaction Details\nAs consideration for the sale of its 25% interest in Puna Operations, Golden Arrow will receive: (i) cash consideration of $3 million payable immediately on closing of the Transaction; (ii) issuance on closing of such number of shares in the capital of SSR Mining equivalent to $25.9 million, to be calculated based on the 20-day VWAP of SSR Mining's common shares on the Toronto Stock Exchange (\"TSX\") ending on the last trading day prior to closin...