Golden Arrow Resources Corp. (CVE:GRG) has received conditional TSX Venture Exchange approval to issue its common shares to progress a contract for diamond drilling between the company and an Argentine drilling services company on the Chinchillas silver project located in Argentina.
The company will issue shares for drilling services pursuant to the drilling contract to conduct up to a 6,400-metre diamond drilling program, for an aggregate cost of $1,358,000. The parties agreed to the payment for the services by way of the issuance of an aggregate of 1,117,900 shares, at a deemed price of $1.214777 (C$1.456) per share. This drilling programme was previously announced on January 23, 2015.