Golden Arrow Appoints PI Financial as Market Maker

Rhea-AI Summary

Golden Arrow Resources Corporation (GARWF) has retained PI Financial Corp. to provide market making services on the TSX Venture Exchange. The agreement, effective for a minimum of three months, involves a monthly cash fee of $4,000. PI Financial will ensure an orderly market for the company's securities without any share compensation, utilizing capital provided by PI for market making activities. Golden Arrow is focused on mining exploration, notably the San Pietro Cu-Au-Co project in Chile, with over 180,000 hectares of properties in Argentina.

Positive

• Engagement of PI Financial to enhance market stability.
• Focus on advancing the San Pietro Cu-Au-Co project in Chile.

Negative

• None.

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

VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce that it has retained PI Financial Corp. ("PI") to provide market making services in accordance with TSX Venture Exchange policies.

PI will trade the securities of the Company on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $4,000 for minimum term of three months and renewable thereafter.  The Company and PI are unrelated and unaffiliated entities.  PI will not receive shares or options as compensation and does not hold any shares in the Company for long term investment purposes for the benefit of PI Financial.  The capital used for market making will be provided by PI.

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 the advanced San Pietro Cu-Au-Co project in Chile, and a portfolio that includes more than 180,000 hectares of prospective 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 services will PI Financial provide for Golden Arrow Resources (GARWF)?

PI Financial will provide market making services to ensure an orderly market for Golden Arrow's securities on the TSX Venture Exchange.

What is the duration and fee structure for the market making services by PI Financial?

The agreement is for a minimum term of three months, with a monthly fee of $4,000.

What projects is Golden Arrow Resources currently focused on?

Golden Arrow is actively exploring the San Pietro Cu-Au-Co project in Chile and has over 180,000 hectares of properties in Argentina.

What is the significance of retaining PI Financial for Golden Arrow Resources (GARWF)?

Retaining PI Financial is intended to enhance market stability and liquidity for Golden Arrow's shares.