GOLDEN ARROW APPLIES TO EXTEND WARRANTS

Rhea-AI Summary

Golden Arrow Resources Corporation (OTCQB: GARWF) announced an application to extend the expiration of 6,012,500 outstanding warrants. The warrants, originally set to expire on June 19 and June 20, 2022, will be extended to June 19 and June 20, 2024, respectively. The exercise price remains at $0.30 per warrant, convertible into common shares. This amendment is pending approval from the TSX Venture Exchange.

Golden Arrow focuses on mining exploration, with investments in gold and base metal projects across Argentina, Paraguay, and Chile.

Positive

• Extension of warrant expiration supports potential future financing.
• Warrants could enhance liquidity for future capital needs.

Negative

• None.

TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, June 1, 2022 /PRNewswire/ - Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) ("Golden Arrow" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of 6,012,500 outstanding warrants as follows:

• 4,062,500 warrants that are set to expire on June 19, 2022, and 1,950,000 warrants that are set to expire on June 20, 2022 to be extended to June 19 and June 20, 2024 respectively. These warrants were originally issued as part of the units under a single private placement completed by the Company in 2 tranches on June 19 and June 20, 2019 respectively.

The exercise price of the warrants will remain at $0.30.  Each warrant, when exercised, will be exchangeable for one common share of the Company.

The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").

About Golden Arrow:

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 is well leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.

Golden Arrow is actively exploring a portfolio that includes an epithermal gold project in Argentina, a district‑scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of properties 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 BOARD

"Joseph Grosso"
_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Golden Arrow Resources Corporation

FAQ

What is the significance of Golden Arrow's warrant extension application?

The extension allows more time for investors to exercise their warrants, potentially enhancing future capital for the company.

When will the extended warrants expire?

The warrants will now expire on June 19 and June 20, 2024.

What is the exercise price of the warrants for GARWF?

The exercise price of the warrants remains at $0.30.

What does Golden Arrow Resources do?

Golden Arrow is a mining exploration company focused on precious and base metal discoveries in Argentina, Paraguay, and Chile.

Which stock exchanges is Golden Arrow listed on?

Golden Arrow is listed on the TSX Venture Exchange (GRG), the Frankfurt Stock Exchange (G6A), and the OTCQB Venture Market (GARWF).