Vancouver, BC / ACCESSWIRE / Apr 9 2014 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company") announces it has granted incentive stock options to consultants, management company employees, officers and directors of the Company to purchase up to 2,505,000 common shares in the capital stock of the Company. These options are exercisable for a period of five years, at a price of $0.35 per share, and subject to a four-month hold period.
The Company also announces the amendment to the terms of an Investor Relations Consulting Agreement (the "IR Contract") entered into between the Company and Zoppa Media Group whereby the compensation paid pursuant to the IR Contract has increased to $6,666 monthly; and the expiry date is October 31, 2014. In compliance of the IR Contract, the Company has granted 150,000 options exercisable (which amount forms part of the aggregate stock options noted above) for a period of five years, at a price of $0.35 per share, subject to a four-month hold period; and subject to the Exchange's vesting requirements.
About Golden Arrow:
Golden Arrow is a Vancouver-based explorer focused on identifying, acquiring and advancing precious and base metal projects in Argentina with the goal of achieving a world class discovery. The core focus is on advancing the flagship Chinchillas Silver Project located in Jujuy, Argentina. Golden Arrow has a strong treasury which will allow the Company to advance its Chinchillas Silver Project. Golden Arrow will continue to execute its strategy to leverage the Company's exploration exposure by attracting partners to fund work on its other high quality mineral projects. Golden Arrow is a member of Grosso Group, a management company specialized in resource exploration, and working in Argentina where it is highly regarded and trusted since 1993.
ON BEHALF OF THE BOARD
Mr. Joseph Grosso
Executive Chairman, President & CEO
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This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.