viewGolden Arrow Resources Corp

Golden Arrow Resources hikes offering due to strong demand

Each unit consists of one share and one transferable share purchase warrant

Canadian dollar
The placing has now been increased to up to $3.6 million, the company said

Golden Arrow Resources Corporation (CVE:GRG) (OTCQB:GARWF)  has increased its previously announced placing to up to $3.6 million due to strong demand.

On February 12, the Vancouver-based resource group said it was set to bring in $2.55 million gross from the financing, in which it would issue up to 8.5 million units at $0.30 each.

That offering has now been increased to up to $3.6 million, it said in a brief statement.

READ: Golden Arrow Resources set for $2.5M raise

All other terms remain the same.

Each unit consists of one share and one transferable share purchase warrant. Each warrant will entitle the holder to buy a further company share at $0.40 for two years from issue.

The company owns 25% of Puna Operations, a joint venture operated by SSR Mining, which has over eight years of forecast production ahead from the Pirquitas-Chinchillas silver mining project.

The company is also exploring a new portfolio of advanced projects in Chile as well as other targets within its portfolio of more than 200,000 hectares of properties in Argentina.

Contact Giles at [email protected]

Follow him on Twitter @Gile74

Quick facts: Golden Arrow Resources Corp

Price: 0.185 CAD

Market: TSX-V
Market Cap: $22.11 m

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