| January 07, 2010 Golden Arrow Closes Financing | |
| Golden Arrow Resources Corporation (GRG -- TSX.V) ("Golden Arrow" or the "Company"), a Grosso Group member company, is pleased to announce that it has received regulatory approval from the TSX Venture Exchange for the Company's non-brokered private placement originally announced on December 30, 2009. The Company anticipated that 650,000 common shares would be issued in the financing. The final number of shares which will be issued in the financing is 680,000 shares at a price of $0.33 per share, for gross proceeds to the Company of $224,400. One Director and officer of the Company subscribed for a portion of the financing. The proceeds from the financing will be used for exploration of the Company's South American properties and for general working capital. The shares are subject to a four month hold period under applicable Canadian securities laws. ON BEHALF OF THE BOARD "Joseph Grosso" Mr. Joseph Grosso, President & C.E.O. For further information please contact Joseph Grosso, President & CEO or our Corporate Communications department at 604-687-1828 or toll free 1-800-901-0058 or fax 604-687-1858. The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. | |
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