Golden Arrow Resources Corp (TSX-V:GRG, OTCQB:GARWF) closed the first tranche of its non-brokered private placement offering, issuing 16,890,000 units at $0.05 per unit, totaling $844,500.
Each unit includes a common share and a transferrable warrant, enabling purchase of an additional share at $0.10 within three years. Finder's fees of $23,240 are payable, with 464,800 non-transferable finder's warrants issued.
Funds will support resource delineation for the San Pietro IOCG project in Chile and early-stage exploration in Argentina, along with general working capital needs.