Golden Arrow Resources Corporation (TSXV: GRG | FSE: G6A | OTCQB: GARWF) has increased its non-brokered private placement offering to up to C$1.2M in aggregate gross proceeds. All other terms will remain the same as originally announced.
Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.
The company’s flagship San Pietro iron oxide-copper-gold (IOCG) project in Chile is funded to support a resource delineation programme through the option agreement. The proceeds of this offering will provide funds for other early-stage exploration work in Argentina as well as the necessary funds for general working capital.
This offering is subject to regulatory approval and all securities to be issued are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers, and employees of the company may participate. A commission may be paid on a portion of the offering. The proceeds will be used for general working capital and exploration on its properties in Argentina.
Golden Arrow is actively exploring the San Pietro IOCG project and has a portfolio that includes nearly 125,000ha of prospective properties in Argentina.
The 100%-held San Pietro project covers nearly 18,500ha, approximately 100km north of Copiapo in the centre of a potential new copper-cobalt region within an active mining district that is home to all the major IOCG deposits in Chile. San Pietro hosts multiple targets with strong IOCG + cobalt mineralization, and the company is working to delineate its first mineral resource for the project in 2024.
The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
For further information, please visit: www.goldenarrowresources.com
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