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TSX Venture Exchange (TSX-V): GRGF Frankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF
VANCOUVER, British Columbia, Feb. 9, 2024 /PRNewswire/ — Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), (“Golden Arrow” or the “Company”) is pleased to announce on the prestige of the option granted to Sociedad de Servicios Andinos SpA (“SSA”) on the San Pietro assignment located in Chile (the “Transaction”). As previously announced on January 12, 2024 (the “Initial Press Release”), New Golden Explorations Chile SpA (“NGE”), a wholly owned subsidiary of the Company, has granted SSA the option (the “Option” ) to subscribe for 333 shares of the capital of NGE (each, a “Share”), equivalent to approximately 25% of the issued Shares and outstanding at the time of execution of the Option, subject to the terms and conditions of a contract of option (the “Option Agreement”). SSA is an independent component of the Company.
The Company obtained conditional approval of the Transaction from the TSX Venture Exchange (the “TSXV”) on January 18, 2024. SSA continues to meet its obligations to resolve the option, which includes the first of six bi-weekly U. S. dollar option invoices $333,333 to NGE on February 8, 2024. The final touch to the option restructuring remains subject to final approval through the TSXV and SSA acting the remainder of its obligations under the option agreement, as described more particularly in the initial press release.
About the Golden Arrow:
Golden Arrow Resources Corporation is a mineral exploration company with a proven track record of building valuable and basic steel discoveries and transforming them into exceptional deposits.
Golden Arrow is actively exploring its flagship property, the complex San Pietro iron oxide, copper, gold and cobalt allocation in Chile, as well as a portfolio that includes approximately 125,000 hectares of potential housing in Argentina.
The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE COUNCIL
“José Grosso” _______________________________
Mr. Joseph Grosso, Executive Chairman, President and CEO
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This press release may include forward-looking statements. Forward-looking statements relate to long-term events and situations and involve inherent dangers and uncertainties. All statements, other than statements of past fact, that relate to activities, events or developments that the Company believes, expects or expects to happen or likely to happen in the long term, including, but not limited to, statements relating to the trading and timing of trading of the Option, the final approval of the TSXV, the proceeds of the Transaction and the use thereof; the Company’s plans for its mining properties; the Company’s business strategy, plans and outlook; The Company’s long-term monetary or operating functionality are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with obtaining necessary regulatory approvals; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.
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SOURCE Golden Arrow Resource Corporation
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