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Second Leading Proxy Advisory Firm, Glass Lewis, Supports Golden Arrow Proposed Sale of its 25% Interest in Puna Operations
Second Leading Proxy Advisory Firm, Glass Lewis, Supports Golden Arrow Proposed Sale of it...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\n\n\n\nSecond Leading Proxy Advisory Firm, Glass Lewis, Supports Golden Arrow Proposed Sale of its 25% 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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 6, 2019\n\n\n\nTSX Venture Exchange (TSX-V):  GRGFrankfurt Stock Exchange (FSE):  G6A                   OTCQB Venture Market (OTCQB): GARWF\n VANCOUVER, Sept. 6, 2019 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), (\"Golden Arrow\" or the \"Company\") is pleased to announce that Glass Lewis & Co. (\"Glass Lewis\"), the second leading independent proxy advisory firm that provides voting recommendations to investors, has recommended that shareholders vote in favour of the 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\").\n\n \n \n\n \nRecommendation to Shareholders of Golden Arrow \nGlass Lewis has recommended that shareholders of Golden Arrow vote in favour of a special resolution (the \"Golden Arrow Shareholders Resolution\") authorizing and approving a Transaction whereby, SSR Mining will purchase Golden Arrow's 25% interest in Puna Operations.\nGlass Lewis noted \"we see a reasonable basis for the board's decision to sell the Company's 25% interest in Puna to its joint venture partner, which will allow the Company to focus on the exploration and development of its other assets. The transaction will generate at least some cash proceeds for the Company to use in this regard, while also providing continued exposure to Puna and SSR's other assets through the issuance of SSR shares to the Company as consideration. Overall, we believe Golden Arrow shareholders will likely benefit from the proposed sale.\" \nYOUR VOTE IS IMPORTANT - PLEASE VOTE TODAY \nThe Board of Directors UNANIMOUSLY recommends that Shareholders vote FOR...