=======================================================================
Re: News Release - Wednesday, December 30, 2009
Private Placement
=======================================================================
Golden Arrow Resources Corporation (GRG - TSX.V) ("Golden Arrow" or the
"Company"), a Grosso Group member company, is pleased to announce a
non-brokered private placement financing of 650,000 shares at a price
of $0.33 cents per share, subject to regulatory approval. Directors,
officers and employees of the Company will participate in some or all
of the financing.
The proceeds will be used to advance exploration on projects in South
America and for general working capital. This financing is subject to
regulatory approval and the placement securities will be issued subject
to a four-month hold period.
ON BEHALF OF THE BOARD
"Joseph Grosso"
Mr. Joseph Grosso, President & C.E.O.
For further information please contact Joseph Grosso, President & CEO,
or Corporate Communications at 1-800-901-0058.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
2009
=======================================================================
Copyright (c) 2009 GOLDEN ARROW RESOURCES CORPORATION (GRG) All rights
reserved. For more information visit our website at
http://www.goldenarrowresources.com/ or send
mailto:info@goldenarrowresources.com
=======================================================================
.
|
Golden Arrow Resources
|
|
EXPLORATION STAGE |
CODE : GRG.V |
ISIN : CA3808001026 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Golden Arrow Res. is a gold exploration company based in Canada. Golden Arrow Res. holds various exploration projects in Argentina. Its main exploration properties are GUALCAMAYO (GOLDEN ARROW), PENASCUDO (GOLDEN ARROW), COSTA (GOLDEN ARROW), VICTORIA AND LAS BAYAS, VARITAS, POTRENILLOS, PONCHA, VALLE DEL CURA, MOGOTES, SAN JOSE (GOLDEN ARROW) and ANTIGUYO in Argentina and RIO TABACONAS in Peru. Golden Arrow Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.4 millions as of today (US$ 4.3 millions, € 3.7 millions). Its stock quote reached its highest recent level on April 05, 2007 at CA$ 1.50, and its lowest recent point on April 17, 2024 at CA$ 0.06. Golden Arrow Res. has 97 280 000 shares outstanding. |